USDA-NASS released two reports last week that added more fuel to red-hot grain and oilseed markets. The information about current and future corn markets has significant implications for cattle markets. The quarterly stocks estimate for corn was lower than expected, indicating that strong domestic and export demand for corn is pushing corn inventories for the rest of the marketing year even tighter. The Prospective Plantings report indicated a total corn acreage for the coming crop year up less than one percent and well below pre-report expectations. For more, please click here.
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