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CME September and December corn futures fell to their lowest levels since October 2020 on August 26. Analysts cited record yields, record 2023 US corn production, and farmers releasing stored old-crop corn.
Global supplies are described as ample.
Heavy supply and old-crop selling keep downward pressure on corn futures, which lowers feed grain costs for buyers. Prices may stay weak until demand picks up or the crop outlook changes.
world-grain.comCrystal FutrellAug 28, 2024Not 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.
