Corn is trading higher again today and one analyst thinks this could be the start of a sustained market rally.
Commodity trader Jerry Gulke with the Gulke Group tells Brownfield the decline in corn acres has not received as much attention as it deserves.
“Not many people talk about this, but the reduction from 94 million last year in planted acres to 90 million means we’re going to produce—even at the 170.7 (b/a) I think the USDA said—we’re still going to produce 900 million bushels less than last year,” Gulke says.
Continue reading Trader says sustained corn rally is possible at Brownfield Ag News.
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