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Ethanol is being hit by reduced American travel and falling crude prices from the Russia-Saudi oil price war. Analyst Ed Usset says corn is weak as a result, and USDA is expected to forecast about 94 million planted corn acres.
Weak ethanol demand and a possible large acreage report both add downside pressure to corn. Planting delays would favor soybeans and support corn.
brownfieldagnews.comMark DorenkampMar 26, 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.
