December corn futures, priced at $4.47 per bushel as of April 30, are catching the eye of professional traders, novices, and hedgers. These futures, tied to the new crop harvested in the fall, reflect expectations for the growing season, supply, and demand. May often brings a bullish tilt to corn prices due to planting uncertainties, but rapid planting and Brazil's record crop keep prices in check. Could a rally push prices to $5? What might the USDA's May WASDE report show? And how can traders and hedgers position themselves? This article breaks it down for everyone, from seasoned speculators to farmers hedging their crops.
