Corn, corn, and more corn (or is it really?) 🌽

📉 Corn future prices traded mostly flat or weakened earlier this week – price gains were largely held at bay by the rapid planting progress across the Heartland during last week as well as by prospects of a large Brazilian corn crop. 

     • Predictions for next year's crops are that Ukraine’s shipments will likely fall by nearly a quarter, but the Brazilian harvests will probably cover this year’s Ukrainian export market losses.

     • However, going further in the future, any crop shortfalls in South America and the US are expected to cause more supply constraints on the global market if things in Ukraine continue to shrink at the current levels.

🔎 For more data on corn, check this out.