Corn Crop Conditions and Crop Progress are Not Helping Prices
June 22, 2020
This last weekend provided much needed rainfall across the Midwest which will likely improve both crop conditions and crop progress. As of June 14, 95% of the corn crop had emerged (black line), much ahead of last year’s corn crop progress (red line). These conditions as well as the decrease in demand due to COVID-19 will continue to pressure prices.
The chart below can be constructed in the Fundamental Analytics platform under Fundamentals > NASS > Corn > Progress > Emerged.
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The Fundamental Analytics Team
The information provided here is for general informational purposes only and should not be considered individualized investment advice. All expressions of opinion are subject to change without notice in reaction to shifting market conditions.