Posted on 05/17/2019 12:06 PM

Corn is in a weather market. With only 30% of the corn crop planted as of May 12 and a very wet forecast through next week, funds decided to start covering some of their once-record net short position. Aside from weather and planting delays, the markets also continue to closely monitor trade developments. The news wasn't very rosy on the trade front with China at the end of the week, but there were some positive developments with Canada and Mexico, Japan and the European Union. Plus, the Trump administration said this week it is working on a tariff aid plan that will total between $15 billion and $20 billion for farmers. We’ve got all this (and much more) covered in this week’s newsletter, which you can download here

 

 

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