A revolution in the corn market

Farmers’ planting intentions trigger rapid rise in prices

The highly anticipated report from the U.S. Department of Agriculture (USDA) on planting intentions shook the corn market last Thursday. The projections surprised, with a national estimate of 90 million acres, well below expectations and significantly lower than the previous year (94.64 million acres).

Caution regarding USDA’s initial forecasts

However, it’s important to keep in mind that USDA’s initial forecasts often tend to underestimate the actual planted acreage in the United States. Moreover, favorable weather conditions in the Corn Belt suggest smooth operations for the time being.

Stay tuned for more updates on this exciting trend!