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Ag News: What Drove Grain Markets Lower and Corn Into Contract Lows Tuesday?
Both old and new crop corn made contract lows and September corn ended under $4.
Grete says favorable weather and an improvement in crop conditions by 1% nationally to 74% is historically high for this time of year and that has the bears talking about record corn yields.
… snip …
The grain markets also saw pressure on tariff uncertainty as President Trump says he will keep the July 9 deadline in place for countries to step up to the negotiating table to avert higher tariffs.
Grete says favorable weather and an improvement in crop conditions by 1% nationally to 74% is historically high for this time of year and that has the bears talking about record corn yields.
… snip …
The grain markets also saw pressure on tariff uncertainty as President Trump says he will keep the July 9 deadline in place for countries to step up to the negotiating table to avert higher tariffs.
More at
https://www.agweb.com/markets/market-analysis/what-drove-grain-markets-lower-and-corn-contract-lows
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