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Chicago corn continued its rally toward USD 5 per bushel, peaking near USD 4.94 before closing the week below USD 4.90. Argentina cut its export taxes, and U.S. export inspections ran 7% above the prior week.
Strong U.S. export inspections support demand, but an overbought market and large speculative longs leave prices open to profit-taking after the tax cut.
czapp.comAlberto CarmonaJan 28, 2025Not 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.
