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March corn futures fell about 9.5 cents for the week as speculators sold rallies. The Cattle on Feed report showed on-feed inventories 2% above last year and placements above expectations.
Weekly export sales hit a marketing-year high of 1.97 MMT, led by Mexico, and cash corn prices were trending higher.
Strong cattle feeding and export demand support corn consumption into spring, which tends to firm cash corn even while futures trade lower.
grains.orgDec 20, 2018grains.orgDec 20, 2018Not enough comparable past events yet for a historical read.
Not 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.
