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.
Is it time to meet old friends, learn a few new things, and sharpen up your farm management skillset? You bet it is, and we’re here to help. After long months of isolation the 2021 Farm Futures Business Summit is set to go live June 16-17 at the Coralville Marriott Hotel and Conference Center just outside Iowa City. This year’s agenda is packed with risk management, best practices, market outlook sessions, and much, much more. What’s in store?
China and future ag trade
Pull up a chair and listen in as Gregg Doud, former U.S. trade Ambassador and one of the primary architects of the U.S.-China Phase One trade deal, shares his view of China and future ag exports. Doud has seen ag trade evolve over 30 years working in agriculture on Capitol Hill. He will offer an inside look at what it was like to negotiate the deal and work in the Trump administration.
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