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Corn held in a narrow range last week, with March corn closing 7.5 cents lower for the week after a seven-month high on Tuesday. Beans closed near unchanged after a dip in overnight trade, and funds remain long soybeans.
Traders are watching trade disputes with the new administration and South American weather.
Soybean prices remain elevated enough to pull acres from corn in spring, which affects future feed grain supply. Trade and weather risks keep both markets sensitive.
kdhlradio.comJerry GroskreutzJan 30, 2017Not enough comparable past events yet for a historical read.
Not 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.
