The complex is still hitting technical resistance at $6/bushel as weather threatens supply forecasts
Corn up 2-4 cents
Wheat up 1-4 cents
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
After yesterday’s lackluster export data sent May 2021 corn futures in Chicago running from $6/bushel, the complex clawed back some of its gains overnight on cool weather concerns as planting season reaches its height, though is likely still hitting technical resistance at the $6/bushel benchmark.
Weather woes continue to plague wheat complex
Corn up 4-5 cents
Wheat up 4-5 cents
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
Corn prices matched July 2013 highs in the overnight trading session, with the May 2021 Chicago flirting with the $6/bushel benchmark on rising concerns about cold weather damage to planted crops and continued planting delays due to cooler temperatures and wet soils in areas where planting is viable.
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.