Tight supplies underpin overnight gains for all three major grain crops
Corn up 2-5 cents
Wheat up 1-5 cents
Corn
Yield losses in Brazil are expected to reach 3.6% after delays in the preceding soybean harvest pushed planting paces for Brazil’s second crop of corn outside of its optimal planting window. Since the majority of the crop is exported, the yield losses – which could potentially be offset by an acreage increase – improved corn futures prices this morning.
Corn futures prices rose $0.01-$0.05/bushel in overnight trade on the concern of tightening short-term global supplies. Rain delays will also slow planting progress, which diminishes the chances of increasing acreage for the 2021 growing season.
Indiana
United-states
Egypt
Brazil
Minnesota
Virginia
Kansas
Cornell-university
Illinois
Kansas-city
Chicago
Americans