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Corn futures in December traded near $3.46 per bushel as US harvest reached 54% complete, with farmers weighing cash sales, storage or hedging new-crop. Analysts debate whether the seasonal low is in, with trendline support cited at $3.34.
Harvest selling pressure and a carry in the futures curve shape farmers' marketing decisions and feed corn availability; a break of support could push prices lower.
agriculture.comMike McGinnisOct 31, 2017Not 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.
