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A Reuters column notes that USDA's projected 2020-21 US corn carryout of 3.318 billion bushels is the highest figure the agency has printed in any month in more than three decades. The column argues that soybeans are passing excess supply to corn.
Record-high projected corn stocks signal a heavy supply overhang that pressures corn prices, with soybean surpluses also feeding into the feed complex outlook.
reuters.comKaren BraunMay 15, 2020Not enough comparable past events yet for a historical read.
Not 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.
