The weather forecasts will drive the corn market through pollination. “There’s pockets of dryness in Minnesota, but for the most part, pretty ideal conditions there. South Dakota is half and half and Nebraska is dry, but land is irrigated,” said Kristi Van Ahn, market analyst, Van Ahn and Company. “We’ll reach the point of pollination quickly and right now, we’re looking at extremely hot and dry conditions across the board.” USDA also shocked the market with much lower corn acreage than expected, which is leading to a lot of questions for the markets. “The USDA came in with an acre number on corn that was below the lowest estimate by more than one million acres. No one was forecasting that or that the acres disappeared. That’s one thing people are questioning the USDA on right now.”
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