Delayed development is likely to enable frost to harm corn in regions of the Corn Belt, the president and owner of a crop analyst said.
Michael Cordonnier of Soybean & Corn Advisor said if initial frosts occur sooner than September 15, significant issues are likely to arise with the grain's development in the globe's largest grower of the grain.
"If the corn crop continues to develop at a slower-than-normal pace, there will be significant risk of frost for the later-planted corn in Iowa, Wisconsin, Minnesota, South Dakota and North Dakota," according to the Hinsdale, Illinois, crop analyst. "Any frost during the month of September will negatively impact the corn in the above-mentioned states."
At 10:10 a.m. on Wednesday, corn futures rose 0.71 percent, a 0.0325-cent rise to $4.625 per bushel.
Reuters reports the agricultural commodity was recovering on Wednesday after having scraped near its lowest value in 36 months during the Tuesday trade session. Corn futures are poised to remain under the duress of continued pressure as crops are set to enjoy weather that is favorable to their growth and development in the coming week.
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