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How Far Can Corn Run?


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In the last few years, there have been plenty of articles some mine floating around that often throw out the line, "rains make grain." However, I always followed that up with an "until it doesn't." Well, this year might be that year. There is no secret about the wet weather that is hampering, if not wholly stalling planting progress across many key producing states. This has led to tons of online and in-person discussion about preventive planting and reduced yield an attempt to say what it will be is futile at this point.

Addressing the acreage portion of it first and leaving yield unchanged, a cut to 88 million acres (4 million below the USDA) planted would drop ending stocks to near 1.8 billion bushels 84 million planted then drops ending stocks to near 1.2 billion bushels. Everybody is talking about this side of the current story. A potentially very bullish outcome is hard to ignore, especially with conditions as they are. However, certain demand aspects are very elastic; others not as much.

Find the full commentary and follow the link:http://intranet.zaner.com/uploads/bgrossman/2019/How_Far_Can_Corn_Run.pdf



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About the author


Brian is a marketing strategist with Zaner Ag Hedge Group.  He grew up in Linton, North Dakota; born in 1988 and raised on the family farm.  He attended North Dakota State University and graduated in 2010 with a degree in Agricultural Economics with a focus on commodity marketing as well as a minor in Crop and Weed Science.  After graduating he returned to the family farm for the next five years before pursuing a career in commodity marketing.  Brian works with grain and livestock producers and end users of all sizes across the United States helping them develop risk management strategies. As a former producer who hedged through Zaner, Brian brings a unique perspective with vast experience on the client side of this industry. 

Feel free to visit with Brian about any marketing needs or thoughts at (312) 277-0119, bgrossman@zaner.com or follow him on twitter @AgHedgeGrossman

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Brian Grossman

Market Strategist

Zaner Group, Ag Hedging

(312) 277-0119 -- Direct Line

bgrossman@http://zaner.com/

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