date:Jul 23, 2013
There were many who expected December 2013 corn futures prices to already be below $4.50. That was before continued wet weather slowed planting and crop progression. The contract closed Friday at $5. Thats close to $2 below what the old-crop July contract expired at last week. Tight supplies kept old-crop higher.
New-crop corn still remains in a weather market, analysts believe. But is it one revolving around more rain in the forecast for the Midwest, or one that has seen prices based on steamy