Record Rains Won’t Boost US Corn Outlook Just Yet
The USDA is likely to cut its yield forecast despite recent downpours in some growing areas.
Corn is harvested in Princeton, Illinois.
Photographer: Bloomberg
Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, we look at what to expect from the US government’s key agricultural report this week. Meanwhile in LNG, Berkshire Hathaway Inc. and Centrica Plc are striking major deals. To get this newsletter sent to your inbox, you can sign up here.
Wednesday is WASDE day, when the US government releases its monthly World Agricultural Supply and Demand Estimates report. This time around, all eyes will be on America’s corn yield.