US acreage lower - market prices rise to a higher level

USDA: Acreage Significantly Lower - High Inventories - Rising Market Prices The acreage survey by the US Department of Agriculture (USDA) as of July 1, 2020 delivered a surprising result. Compared to the cultivation intentions as of March 1, 2020, US farmers have restricted corn cultivation by 5.4%. This would mean that, with the same yield expectations, the US corn harvest...