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Brownfield quotes market analyst Matt Bennett saying a corn price rally will be hard to achieve given weather is the main price driver and a large US crop is expected. He notes that a Chinese buying spree, further dollar weakness, or inflation in other commodities could trigger a rally, and Chinese corn futures hit record highs.
Expectations of a large US crop limit near-term corn upside, though a weaker dollar and Chinese demand could make US corn cheaper on world markets and support export flows.
brownfieldagnews.comadminJul 27, 2020Not 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.
