Corn prices rise as US planting falls
Market reactions and the bump in US feed corn prices following last month’s WASDE report gained the most interaction in June.
The US Department of Agriculture’s World Agriculture Supply and Demand Estimate (WASDE) report raised questions about increases in feed prices following a drop in acres planted in corn. Wet weather delayed planting of the feed crop and prompted the USDA to shave about 3m acres from total production, with the anticipation more acres could follow.
