News & Publications
April 18, 2023 |
4 factors to watch in the corn market now
With big USDA reports in the rear view mirror there are a lot of moving pieces now to watch in the corn market. Not surprisingly, weather may be the most important, so let’s start there.
As we roll into mid-April, U.S. weather becomes a big factor to market direction. Traders are watching the Northwest Corn Belt to see how fast the snow melts and what temperatures will do going forward. How long will cool and wet conditions last there, and how will that impact planting? We also need to look at the continued drought in Western Corn Belt.