Recent volatility in corn prices indicates concern about the 2017 U.S. corn crop.
The Acreage report surprised many observers and generated strong positive movements in corn and soybean prices.
The 6/1 soybean stocks estimate may not provide new info, but the implications for bean prices in the Acreage report could make for a long summer of depressed prices.
Find out what we should expect to see in the report and how that will affect the corn market.
The USDA’s June WASDE report of world supply and consumption projections contained a number of changes from the May report for corn and soybeans.
You should be watching these specific factors for pricing opportunities during the summer months.
The consumption projections for corn and soybeans reflect the potential market size under a scenario consisting of substantial supplies and lower prices.
The recent pace of exports in soybean and corn markets and the implications for stocks at the end of the marketing year is considered in this post.
Looking forward to the new crop season, the potential for strengthening corn prices is present due to the possibility of a decline in stocks associated with lower corn acreage in 2017.
After the release of the March 31 Prospective Plantings Report and the April WASDE Report, the corn and soybean markets now turn their focus to spring planting.