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Front-month corn futures have stayed in a sideways range since June 2014, trading between $3.01 and $4.39 1/4 per bushel. The USDA's last projection estimated 1.781 billion bushels of corn ending stocks, an 11.8% stocks-to-use ratio.
The article looks at corn usage by sector, noting that the federal government shutdown has delayed official data.
A stable corn price supports steady feed and ethanol demand, and the lack of a price shock means no near-term supply-driven move is expected.
dtnpf.comElaine KubJan 16, 2019Not 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.
