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Price Futures analyst Frank Petricca says corn futures hit new contract lows as expectations for a large harvest and high ending stocks weigh on prices. He notes the Pro Farmer tour cut yield by 2 bushels per acre and that U.S. corn export inspections reached about 98% of the USDA projection.
Strong export inspections and possible USDA yield cuts could support corn prices later, but near-term large supply expectations keep pressure on feed grain values.
agdaily.comFrank Petricca, Price Futures GroupAug 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.
