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US corn prices ride high with bullish acreage report, but for how long?

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Listen: US corn prices ride high with bullish acreage report, but for how long?

The annual acreage report from the US Department of Agriculture saw a 5 million acre drop in corn planting from the Prospective Plantings report at the end of March.

The resultant rise in corn prices coupled with low ethanol stocks lifted ethanol prices. The S&P Global Platts benchmark Chicago Argo terminal ethanol price reached its highest level in seven months on July 7.

Join Sophie Byron, associate pricing director for agriculture in the Americas; Pete Meyer, director of agriculture analytics; and Rafael Savoia, pricing specialist covering Latin American corn, as they discuss what is happening to Americas corn crop and how the Brazil and Argentina export programs are shaping up.

Platts Live