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Farm Progress analyzes the corn market after the wettest spring on record in many areas, estimating about 2.2 billion bushels of 2018-crop corn carryout around September 1. It says prevented planting of 5 to 7 million acres could cut USDA's final acreage number.
Expected acreage losses and a tight carryout support corn prices, and higher prices are already rationing export demand and drawing Brazilian import interest.
farmprogress.comJun 19, 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.
