USDA released a surprise drop to corn acres in its latest acreage report. Now with all eyes on the weather forecast, what will it take to push corn prices closer to $4? Chip Flory and Chip Nellinger weigh in.
USDA June acreage report showed U.S. farmers planted 92 million acres of corn in 2020, which is 5 million acres less than March. Some analysts say this could be a game changer for the corn market short-term.