U.S. corn carryout could easily notch five-year low in 2019: Braun
By Karen Braun
CHICAGO (Reuters) – The U.S. Department of Agriculture’s stingy forecast for domestic corn plantings could be one of the first signposts toward an increasingly bullish corn environment over the next year or so.
Industry analysts had predicted that 2018 U.S. corn plantings would fall slightly from year-ago levels to 89.42 million acres, so USDA’s peg of 88.026 million last Thursday offered a surprising jolt to the Chicago futures market. Read more
