What Does a High Corn Carryout Imply for 2020 Pricing?
With new-crop Dec 2020 corn setting a new life of contract low this week at $3.70, there was seemingly little news to support a quick turnaround. The global coronavirus pandemic, an oil market that is imploding—and, on top of that, an expectation that 2020 U.S. corn supplies will be growing—all seem