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A Barchart columnist discusses corn market sentiment and farmer selling. Brazilian farmers held back sales over production worries, while US and global farmers have kept supplies in storage since harvest, leaving farmer selling nearly non-existent.
Reduced farmer selling tightens near-term corn availability, which could support prices if merchandisers and end users must buy from a thinner pipeline.
barchart.comAngie SetzerDec 3, 2023Not 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.
