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Corn prices fell about $1 per bushel over three weeks in July 2016, surprising many in the market. The analyst cites heavy supplies, with carryout potentially rising to 2.2 billion bushels, and says there is no bullish news currently.
Large projected carryout caps rallies, so corn buyers can expect feed prices to stay soft unless weather seriously cuts yields.
ocj.comBrianna SmithJul 14, 2016Not 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.
