Record US Corn Yields Drive Futures Into Bear Territory | Presented by CME Group
January 16, 2024
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1:12Now PlayingRecord US Corn Yields Drive Futures Into Bear Territory | Presented by CME Group
YouTube Description
as posted by the channelUSDA's final crop production report for 2023 year stunned grain markets, with corn farmers producing a record yield of 177.3 bushels per acre, comfortably eclipsing 2017’s previous high of 176.7 bushels per acre. With market estimates in tatters, new futures contracts for corn are entering bear territory. Where will this surprise news lead grain markets in 2024? Presented by @cmegroup
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