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US farmers are expected to plant more corn after CBOT corn futures recovered from a four-year low below $4 a bushel in August to above $5 this month. Futures are up about 9% since January 1.
The rally signals better grower profitability.
Expected larger US corn plantings point to more supply later in the year, which could cap prices after the recent rally.
reuters.comJulie IngwersenFeb 26, 2025Not 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.
