Corn limit down

I'll never understand the commodities market.

Me either. But I understand this move. I told folks all along that I didn’t believe the USDA reports for a minute. I know it’s been wet, and due to the flooding, there have been some planting delays. But the USDA apparently loves to create panic. And this time it worked. Corn acres aren’t as low as people were led to believe. So since there’s not a major shortage, the price fell.

It should be added that if yields are way below normal due to lack of ideal planting and growing conditions, this could affect prices fast. And not in a good way for cattle folks.