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SE Arkansas | With 6-7 MMT of damage to the Argentinian Corn Crop from the Leafhopper Stunt Disease, I would say yes. Possibly more to come. The USDA is too high on both Argentina and Brazil. If the USDAs estimate come down to the private SA Estimates that I have seen, World Ending Stocks will be very near the prior two years. Don't think Corn is going to $7.00, but $5.50 for Old Crop Corn is possible. I'm talking my book. I'm Long July Corn.
Edited by Farmspec 4/25/2024 11:55
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Disparity between USDA and CONAB
