Tight supply: A file picture showing corn growing in a US farm. A total of 22% of US corn had been planted as of last Sunday, below the trade expectation for 25% and well off the date’s average of 50%. — Reuters
THE first week of May should be the busiest of the spring for US corn planting, but cooler, wet weather curbed farmers’ progress yet again last week.
As of last Sunday, the planting pace was the second-slowest for the date since 1993.
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