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December corn fell 3.5 cents to $4.26 3/4 as the US dollar rose to a more than 13-month high. Weekly export sales of 1.49 million tons were within expectations, and the International Grains Council raised its global corn production forecast by 1 million tons.
A firmer dollar and modest export demand weigh on corn futures, though crude oil strength and technical support limit the downside. The overall price impact is modest.
profarmer.comPro Farmer EditorsNov 21, 2024Not 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.
