Grains rise amid planting delays, frost damage across the globe
Editor’s Note: Our 2021
series is now live! Farmers can see how crop conditions are progressing across the United States. Want to share crop conditions from your corner of the world? Click here for the survey link. As soon as responses come in, they will be added to Farm Futures’ Google MyMap at this link. We can’t wait to hear from you!
Corn
Old crop corn prices rose over 2% higher in today’s trading session as the complex borrowed support from gains in the wheat arena and an optimistic round of ethanol data was released by the U.S. Energy Information Administration. New crop corn futures also climbed 1.3%-1.8% higher as cool temperatures raise concerns about farmers’ ability to plant crops in the optimal yield window – as well as the likelihood of increasing acreage with rapid planting paces.