Market Analysis
When corn growers start planting this spring, they’ll probably keep planting corn until they’ve seeded nearly 96 million acres.
Corn acreage may climb to 95 million acres this spring. Then again, maybe not.
A poor South American crop may push U.S. corn and soybean exports higher.
The next 30 days should hold excellent opportunity to sweep out some old crop inventory and advance sales for this summer’s crop.
See all of the report data, coverage and analysis of today’s World Agricultural Supply and Demand Estimates.
This week’s reports removed the focus on tight supplies and sent prices lower. Weather trouble here or abroad could still move prices back up.
It is not clear why, on average, analysts expected a 30-million-bushel reduction in the estimated size of the crop.
Tomorrow we’ll know exactly how these reports will rock the markets. Here are some expert expectations.
Montana grain and cattle producer, Marty Klinker, says the MF Global fallout could be bigger than anyone believes.