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The corn market is watching Chinese buying, ethanol demand and planting conditions in South America ahead of the USDA Prospective Plantings report on March 31. An analyst says ethanol output is expected to continue despite pandemic-related fuel demand uncertainty.
Export demand from China and ethanol usage are the main demand supports, while the USDA acreage report sets the new-crop supply outlook. The commentary describes ongoing conditions without a new price shock.
governorsbiofuelscoalition.orgMar 22, 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.
