The potential for an early frost or freezes and a late planting season poses a greater yield risk. Ag and Investment Services CEO Sue Martin says the market will factor this in at some point, but pollination needs to take place first. Right now, the trade is focused on weather and crop condition ratings. Continued crop improvement is expected in today’s crop progress report. “I think the crop condition ratings will show improvements. If it’s only one percent there will be disappointment, potentially helping the corn market go higher,” she says. “Right now, the market has turned its focus away from acres to a point. Not everyone believes the National Agricultural Statistics Service numbers.”
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