According to the Chicago Mercantile Exchange (CME) in a recent market commentary report, "With news of the slow start to the corn planting season percolating in the markets, the question many are asking is: What does this mean to me and my business? The quick answer predictably is: it depends.
"For corn producers, wet field conditions and the inability to plant the crop in time may mean money left on the table, long nights of worry and extreme toil, racing against time. Studies have shown that corn planted after May 15 may suffer yield loss although much depends on weather during the rest of the growing season. If you are a livestock producer, the slow start to the season adds another element of risk to an already volatile marketplace."
To read the additional CME reports on corn and cattle markets, link here.