Special Edition – Market Trends – USDA Report June 28th, 2019

Special Edition – Market Trends – USDA Report June 28th, 2019

U.S. and the World

It’s been a very difficult spring across the greater American corn belt. As June grew, older farmers were scrambling across much of the Eastern Corn-belt to get crops into the ground. As of June 19th, 92% of US corn had been planted and 77% of US soybeans. However, there were areas of grey in those numbers. As many farmers chose to switch away from corn and in the US case, put those acres into prevent plant. This was a very unusual year where there is a huge production problem in American fields. As we move ahead, the market will surely be busy coming to grips with a possible supply shortfall in North American fields.

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