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Corn prices fell in recent weeks as US harvest pressure and a higher USDA US corn production estimate of 386.97 million tonnes weighed on the market. The IGC reported a three-month low in its corn price index, with steep declines in Argentina and softer Gulf export premiums.
Larger US supplies and harvest selling point to softer feed corn prices for buyers in the near term, while South American weather uncertainty offers some support.
world-grain.comChris LyddonNov 22, 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.
