Often times labor costs can be underestimated particularly in the supply chain. For those who like...
Corn isn't cheap and don't look now but the spot market has risen nearly 11 percent during the last four weeks to its most expensive level since mid-April. Welcome to the weather markets folks and unfortunately, Mother Nature has become an Angry Elf against these crops. Rainfall in May this year for the primary corn and soybean crop area in the U.S. stood at just 2.55 inches. To put this in perspective, and you know I love to do so, total precipitation for the region was the lowest for any May since the New York Rangers were on their way to winning their last Stanley Cup in 1994. Stay tuned!
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