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Corn futures fell 7.28% in February to about $630 a bushel, the lowest since August, as supply prospects improved. Farmers are planning larger corn plantings this season, and the article says the price outlook is bearish as the global economy cools.
Expected acreage growth and a slowing global economy weigh on corn demand and prices, though a return of Chinese buying could offset some of the pressure.
tastylive.comThomas WestwaterMar 2, 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.
