Corn: U.S. farmers still without hedging price they hope for better times

It looks after a further record harvest in corn. The Brazilian corn crop was already very good and now the U.S. corn crop grown also better than previously expected. The prices of the CBoT Maisfutures fell to a month low.
The crops in the United States have improved slightly in the last week to 70% good to excellent. The previous week was 69%, last year they were but at 75%. So the USDA report yesterday. U.S. farmers have not benefited from the decline of the futures contract; they wait for the harvest in the fall and then hope for better prices, who want to use them to hedge the price.

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