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March corn futures closed flat at $4.28 after reports of a planned US tariff increase on Mexico weighed on prices during the week. Analysts expect choppy trade until trade policy becomes clearer around the January 20 inauguration.
Possible retaliation could hurt US corn exports, which have been running strong, so a loss of export demand would weigh on prices. Traders are also watching whether record ethanol use can offset the expanding balance sheet.
agweb.comNov 27, 2024After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
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.
