Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 7/12/19


Corn price futures for the December 2019 contract increased from $3.79 per bushel for the week ending May 10 to $4.55 for the week ending June 28.  Even though corn futures prices weakened after the release of the June crop acreage report, using the iFarm price distribution tool (here) there was still a 19 percent chance on July 9 that corn futures will be above $5.00 per bushel.  Moreover, due to continued questions related to U.S. corn acreage in 2019, there is tremendous uncertainty regarding corn prices during the rest of the year.  

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