Worst early-summer setup in modern history, but… June 8, 2023
The weekly Drought Monitor report got the trade's attention with further expansion of problems for the Eastern Cornbelt. USDA's Office of the Chief Economist takes the D1 - D4 drought classifications, light brown through red areas on the map you're familiar with, and estimates the percentage of each crop's acreage impacted. Today's update of "Corn Area Under Drought" was expanded from last Thursday's 34% to now 45%.
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Allendale Insider
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Market Movers
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Possible light fund short covering yesterday
December 6, 2023
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Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
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SA maps still look solid for rains in the 10 day
December 1, 2023
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Trade expects strong exports and more 8 AM announcements
November 30, 2023
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Open interest continues to fall drastically
November 29, 2023
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