Corn traders get another surprise from USDA. Gary Crawford looks at what the new numbers in the August crop report show for this year’s corn crop.
Report Shocks Corn Markets, Boosts Soybean Markets
The United States Department of Agriculture (USDA) had some surprises for the corn markets in its acreage and stocks reports released today. According to a report from USDA’s Gary Crawford, the soybean markets got an unexpected boost from those same reports.
Corn Market May Need Disruption
A banking official from Nebraska says the market may need “some disruption in production,” to reach higher prices for corn. Tom Jensen of First National Bank of Omaha told the Omaha-World Herald there is nothing on the horizon to increase corn prices, unless something disrupts the market. A disruption of the corn market means, generally, some form of natural disaster, …
Brazil, U.S., Set for Corn Selling Showdown
The world’s two biggest corn exporters are preparing for a showdown, according to Bloomberg. The United States and Brazil are set to square off in competition this growing season over corn exports as Brazil is in the middle of collecting the nation’s biggest corn harvest ever, and U.S. supplies remain plentiful from last years’ record harvest. Bloomberg says those conditions …