Corn for March delivery settled down 1.7% at $4.42 1/4 after testing $4.50 resistance, while wheat fell 1.2% and soybeans fell 0.8%. Analysts said the market was overbought and that strong export demand and a possible USDA yield cut in January could support prices.
A routine pullback from resistance leaves corn near the top of its recent range, with export demand providing underlying support.
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.