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StoneX's Arlan Suderman said farmers sold heavily after a price collapse earlier in the week, and that futures would likely rally and spur more old-crop corn movement. He remains bullish, citing Chinese buying and South American crop issues.
Farmer selling into a dip adds near-term supply to the market, but expected rebounds and export demand point to firmer corn prices.
brownfieldagnews.comMark DorenkampMay 31, 2021Not 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.
