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Land O'Lakes procurement director Wyatt Johnson says US corn is strong on tight supplies from a lower 2020 crop and strong Chinese demand. He notes the 2021 USDA prospective plantings of 91 million acres and that weather risk remains for the new crop.
Tight old-crop supplies and strong export demand keep corn feed costs high, so feed buyers face elevated ingredient prices until the 2021 crop is assessed.
feedstrategy.comJackie RoembkeMay 28, 2021Not 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.
