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December corn futures have rallied nearly 50 cents since August as fund traders cut record short positions and the Federal Reserve began cutting rates, weakening the dollar and boosting US export sales. Dry weather in South America also added support.
Weaker dollar and strong export sales support corn prices, but the article notes the rally may run out of steam with harvest pressure, affecting feed buyers' cost outlook.
farmprogress.comNaomi BlohmOct 4, 2024Not 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.
