After plentiful January rainfall that saved Argentine corn and soybeans from potential disaster, this month is on pace to be the country’s second-driest February in more than three decades, once again raising harvest concerns.
Chicago corn and soybean futures surged after the US government slashed domestic supply outlooks last week, but against expectations, speculators’ bullish bets were very little changed by comparison.
After plentiful January rainfall that saved Argentine corn and soybeans from potential disaster, this month is on pace to be the country’s second-driest February in more than three decades, once again raising harvest concerns.
Chicago corn and soybean futures surged after the US government slashed domestic supply outlooks last week, but against expectations, speculators’ bullish bets were very little changed by comparison.