# Uncharted water

> 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.

- Date: 2019-06-19 · published 2019-06-19T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/58507-uncharted-water
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected acreage losses and a tight carryout support corn prices, and higher prices are already rationing export demand and drawing Brazilian import interest.

## Read by commodity

- CORN: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/management/uncharted-water

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.