Loading…
DeLoss Jahnke's weekly column says December corn futures touched $4.83 and then reached a $4.86 high before settling near resistance at $4.83. Analyst Arlan Suderman of StoneX says the corn market structure is weak, citing record Russian wheat and Brazilian corn exports and soft demand.
Heavy Brazilian and Russian export supplies cap corn and wheat prices, so feed buyers can expect limited upside until demand firms or the USDA report shifts the balance.
farmweeknow.comDELOSS JAHNKESep 27, 2023Not 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.
