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Country Futures analyst Darrell Holaday says corn is hovering near 2007 contract lows and that USDA's 97 million acre planting estimate is too high, likely closer to 94-95 million. He says without Chinese buying there is nothing to rally the market.
Expectations of excess acreage and weak ethanol-linked demand point to continued bearish corn pricing, with China purchases the main potential upside catalyst.
rrfn.comCarah HartApr 28, 2020Not 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.
