Market Briefs 6/21/2023
Drought conditions are intensifying in the Corn Belt, particularly in Iowa and Illinois, according to the latest U.S. Drought Monitor.
Drought conditions now cover 57% of the U.S. corn crop, 51% of soybeans, 64% of sorghum and 50% of winter wheat, marking a significant increase from the previous week.
In Iowa, 67% of corn acres are located in areas experiencing moderate or severe drought, and 68% of Illinois corn acres are in moderate or severe drought.
The dry conditions...
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