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AgMarket.net co-founder Matt Bennett outlines a corn price range, with upside possible from crop problems in the US or South America and downside below $4 if US plantings of 96-97 million acres produce a large crop. He expects US corn acres to rise this year because of lower soybean prices.
Expected acreage growth and ample stocks cap the upside, so the price outlook depends on planting and weather outcomes rather than a new supply shock.
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.