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Record US corn production in 2017 pushed prices lower, with December futures falling from $4.14 in July to $3.37 by November 28. Economists expect competitive conditions to persist into 2018 unless exports and usage improve.
A large corn crop and weak prices keep feed grain costs low for buyers, with exports and usage needed to lift values.
cornsouth.comAmanda HuberJan 4, 2018After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
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.
