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A year-in-review piece says 2019 was an unusual US corn season, with record planting delays, a strong dollar that hurt exports, and trade war damage to ethanol demand. Farmers still planted 89.9 million acres, more than expected, and the crop proved resilient despite early snow that stopped some harvests.
Large planted acreage and a resilient crop keep US corn supplies ample, which has kept prices soft and encouraged farmers to hold grain. Weak export and ethanol demand adds to the bearish pressure on prices.
farmprogress.comBloombergDec 27, 2019Not 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.
