The first quarter of 2020 brought a collection of unique challenges to the global financial system. An unprecedented viral outbreak, an energy price war, and aggressive monetary policy shook the commodities markets to their core. Despite the chaos, the livelihood of North American farmers still hinged on the all-important planting season.
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Today’s report, which is traditionally the 2nd biggest report of the year, was bullish for Soybeans, neutral for Wheat, and bearish for Corn. The corn numbers had the biggest impact on the markets as new crop acres and quarterly stocks were both higher than expected. May Corn is down 18 cents to $3.7650 and Dec… Read more.