US & CANADIAN WEATHER BACK IN PLAY. PRICES REACT STRONGLY UP.
03 Jun 2021
The first US crop condition report was released this week, showing an excellent start for corn, with 76% of the crop “Good to Excellent”. However traders seem to be focusing only on the warm and relatively dry weather forecast in the US and south of Canada. Traders are pricing a similar scenario to 2012/13, where US corn condition went down throughout the June/July period and the crop failed to meet expectations...
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