“There’s going to be a lot of acres vulnerable to stress,” Wiegand commented.
The change in weather helped markets recover after corn prices hit their lowest levels since December 2020 earlier this week.
Next week, traders will evaluate the results of the annual Pro Farmer agricultural tour, during which corn and soybean fields in the Midwest will be examined.
“It looks like everything’s gone right for U.S. corn and soybean growers,” stated CRM Agri, a consulting firm. “The weather forecast has turned ‘hostile’ again.”
