What it feels like to get punched by the USDA — this week in the grain markets

by

Opinion

Grain markets in the second half of this week battled to recoup its losses from the first half after the USDA said there was way more corn planted and its yields would be better, basically contradicting everything that the market was expecting. The biggest surprise from the USDA on Monday was acres. Everyone and their mother was expecting corn acres to drop, yet the USDA basically suggested that said every farmer and their mother planted corn in June as corn prices rallied. More specifically, the USDA said that total planted corn acres this year were 90M, well above the 88M…

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