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December corn futures closed at 418 cents per bushel, up 4.0% on the week, as short covering and geopolitical tensions lifted prices. Dry weather in Brazil is delaying soybean planting and China announced economic stimulus measures.
Brazilian dryness and Chinese stimulus support feed demand expectations, while high US and Brazilian stocks cap the upside for corn prices.
stonex.comStoneX Intelligence BrazilSep 30, 2024Not 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.
