AE Market News - Crop Comments by Delton C. Gerloff . . Corn and cotton prices were lower. Old crop corn may be moving into the market place, putting even more pressure on prices. New crop weather will likely be the driving force of any rallies - fundamentals so far don't provide much strength.
Weather begins to come into the picture.
Early in the week, dryer forecasts were a burden on the market, as planting activity increased. Late in the week, weather became a boost as continued dry and warm weather was in the forecast. If you have not priced any new-crop corn this year, watch the market carefully over the next few weeks. Use any weather-related price rallies to price a portion of your expected fall corn production. Corn may have a good rally if the hot and dry weather continues.