Apr 8, 2021
The USDA’s Prospective Plantings report came in far below expectations on corn and soy and heaped pressure on yields, whose weak performance would exacerbate seven-year high scarcity. CBOT G&O bears' expectations for an imminent G&O resupply have likely been dashed. Instead, consumers face growing trepidation ahead of an historic weather market and potential for scarcity to extend well into next year. Join ACMR’s Michael Magdovitz and Andrew Rawlings as they discuss the explosive report and the CBOT price risk factors for the coming months.