The United States is talking about a bumper corn crop this year, although it’s too early to make confident predictions.
With talk of a new national corn yield record, cash corn prices have dropped as low as $3 a bushel.
Rains moved across the Midwest over the weekend and early this week, aiding crop conditions. Those rains, combined with the fact the U.S. didn’t announce a trade deal with China yet, pressured prices even more. And as analysts explain, you can’t deny the U.S. corn crop could be a monster, even with the possibility of an increased number of prevent plant acres in the South.
U.S. corn prices have a major influence on all Canadian feed-grain crops and the cost of animal and poultry feeds.
