Pre-July US S&D/Wheat Updates

What’s Ahead 

The combination of weather, soil conditions & economics that prompt producers to decrease their 2020 corn plantings has changed US ag price dynamics. Without corn’s excessive new-crop supplies, weather have become a factor in pricing. Look to finish up 2019/20 corn & bean sales on Sept & August prices in the $3.60-70 & $9.20-30 ranges. Increase new-crop hedges to 25% at $3.70 & $9.25-35. 

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Disclaimer: The information contained in this report reflects the opinion of the author and should not be interpreted in any way to represent the thoughts of any futures brokerage firm or its ...

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