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DTN analyst Todd Hultman discusses the 2019 planting season, when wet fields and the Chinese tariff drove farmers to cut soybean acres in favor of corn. He warns that normal 2020 planting weather could push corn acres above 95 million, which would be bearish, though he now views that scenario as less likely given saturated soils.
Expectations for a large 2020 corn acreage rebound weigh on corn prices, but uncertainty over spring planting and soil conditions limits how much of that bearish outlook will materialize.
dtnpf.comTodd Hultman, DTN Lead AnalystFeb 28, 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.
