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March corn futures settled a tick higher at $4.54, a 7 3/4 cent weekly gain, with prices hitting a fresh for-the-move high. Corn sales for the week ended Dec.
19 totaled 1.711 MMT for 2024-25, up 46% week over week and above expectations, led by Mexico and Colombia.
Strong export sales and inspections support corn's balance sheet and push prices higher, though profit-taking is possible near the upper end of the trend. The upcoming USDA stocks and production reports could shift the price outlook.
profarmer.comPro Farmer EditorsDec 27, 2024Not 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.
