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CBOT March corn futures rose 9 cents (2.1%) in the week, with firming spillover from a soyoil/soybean rally. Weekly Export Sales showed 1.924 MMT of net corn sales, up 41% week over week, and YTD exports are up 59%.
Strong export demand and farmer selling limits (about 70% of the crop sold) tighten nearby supply, supporting corn prices and cash basis.
grains.orgDec 17, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
