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With new-crop corn futures below $3.50, an Iowa State specialist recommends farmers sell more bushels before harvest to cover cash flow needs. He estimates most farmers can still earn a positive return at current cash bids given likely above-average yields.
USDA's June WASDE projects a 2020-21 corn price of $3.20 per bushel.
This is farm marketing advice that reflects existing price levels rather than a new supply or demand shock. Increased farmer selling at harvest could add modest pressure to corn cash bids.
agriculture.comDan LookerJun 19, 2020Not 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.
