Corn Futures Extend Losses on Planting Expectations

Dry weather expected to raise pace of planting

Cornfield baby corn planting dry VIA PIXABAY mar 2021

Chicago corn futures lost more ground on Tuesday as prices fell for a third session running, with dry weather in the U.S. grain belt expected to facilitate crop planting, reportsSuccessful Farming.

Wheat and soybean prices, meanwhile, edged higher.

美国农业部表示,美国折线rs were able to plant 4% of their intended corn acreage as of Sunday, below the range of analyst estimates in a Reuters poll.

In a report released on Monday, the USDA said corn planting progress was up from 2% a week earlier and ahead of the five-year average of 3%.

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