
March corn futures have recovered somewhat from the post-WASDE plunge, helped by Argentine dryness, a weaker dollar, higher crude and talk of year-round E15. Analysts flag overhead resistance at $4.35 to $4.43 and note Brazil's safrinha crop is only 6% planted with low soil moisture.
US export sales have been strong as Ukraine's exports lag.
Technical resistance and ample US supply cap upside, while Argentine and Brazilian weather risks and strong export demand provide support for feed corn prices.
Not 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.