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Rabobank's RaboResearch report says projected US corn acres and global corn stocks are declining, leaving little room for production losses in 2018. Its pricing model puts over a 50 percent probability on CBOT corn staying near or above $4 through December.
Lower acreage and tight stocks raise the risk of price spikes if weather disrupts yields, which would lift feed corn costs for buyers.
hpj.comHPJ StaffApr 30, 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.
