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Global production uncertainties support corn market

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Uncertainty about overall production in 2024 is helping support the corn market.

Angie Setzer with Consus Ag Consulting says there are three crops to be made this year.

“We’ve got to get the Safrinha crop, the Argentina crop was planted in December so that’s not even close yet to being in the bin. And then we have the U.S. crop, and obviously with the weather patterns the way they are and everything that we’ve seen, there’s no such thing as a slam dunk.”

Speaking to Brownfield during the Wisconsin Corn-Soy Expo in Wisconsin Dells Thursday, she said burdensome corn supplies could tighten like in 2020.

Global production uncertainties support corn market