The Dec25 corn futures contract fell below $4 per bushel for the first time on Wednesday. Widespread rainfall and favorable weather across the majority of the Corn Belt have boosted yield expectations and put downward pressure on prices. Private groups continue to publish large US yield estimates. The average trade guess ahead of next Tuesday's report is 184.2bpa vs. USDA's most recent print of 181bpa. Be sure to subscribe to Standard Grain’s premium content. We provide insight on the markets, g
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Weather experts are calling for a “flash drought” through much of the central Corn Belt. Most of Illinois, Iowa, Indiana, Missouri, and Mississippi will see little rain over the next seven days. How much this dryness will impact the grain markets is yet to be seen. Catch this morning’s full broadcast here https://youtu.be/CnFNs4NZVJU #agriculture #drought #cornbelt #soybeans #corn #agriculturenews #grainmarkets #weather #farming
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