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StoneX's Craig Turner said uncertainty over U.S. corn crop size is supporting futures, with USDA possibly cutting yields in its September report. He noted that significant yield cuts would tighten ending stocks and could push prices higher.
The next USDA supply and demand report is due September 12.
Expectations of a lower USDA yield would tighten corn stocks and lift prices, raising feed corn costs for buyers ahead of the September report.
brownfieldagnews.comAug 26, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
