FarmPolicy

July 20, 2019

Market Signals- Acreage, Biofuels and the Environment; Economic Issues and Agriculture

Market Signals- Acreage, Biofuels and the Environment

Yesterday’s Commodity News For Tomorrow report, a daily commodity publication provided by the CME Group, stated that, “Bearish macroeconomic forces, technical weakness and wet weather forecasts for Argentina sent corn futures lower, traders said. Sharply lower equities and crude oil set the tone, as traders worried about depressed demand in the face of a global recession.”

“March corn ended down 14 cents to $3.49 1/4 per bushel.”

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