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December corn futures have traded between $3.60 and $3.70 for several weeks. An extension economist says prices have stabilized, and attention will turn to larger expected Brazilian and Argentine crops.
Stable prices reflect balanced expectations, but anticipated large South American corn supplies after the US harvest are a bearish risk for US export prices.
brownfieldagnews.comMark DorenkampOct 24, 2018Not 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.
