As we discussed a few weeks ago, the latest total corn, soybean and wheat acreage numbers were...
The corn markets are trading at some of their least expensive levels in 16 (think: Joe Montana....a Burgh guy) months. The USDA released their first monthly estimates for 2023-24 domestic and international major crops' production and supplies last week and the news was generally Wayne's World excellent. Assuming the weather cooperates, the available corn supply is anticipated to climb to its best level in several years. And the anticipation of better supplies is driving the corn market downward.
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