Low prices have been a theme in recent years. Analysts have been watching the trends and say that the corn market needs a boost that may not come.
“Questions I’m getting: Are we going to rally? Well, rallies take a catalyst, and we don’t have a catalyst. The biggest catalyst that’s right in front of us right now could be the weather, and the weather’s good enough. And so that’s kind of where the market is right now,” said Bryan Doherty, Vice President of Broker Solutions and Senior Market Advisor at Total Farm Marketing.
Dougherty tells agoinfo.net that he is also watching Brazil’s second corn crop, which is expected to be large this year.
Related Stories
The most notable crop changes came in wheat.
Trade estimates point to only modest changes in U.S. grain ending stocks ahead of USDA’s June 11 WASDE report.
Farmers may need flexible marketing plans as tighter supplies and uncertain demand heighten price risks for corn and soybeans.
Home to Reelfoot Lake, Lake County combines fertile farmland with one of Tennessee’s top outdoor destinations.
