Loading…
March corn futures climbed to $3.64 per bushel, their highest since November 8, early in the week on strong export inspections and sales. Prices gave back part of the gain by Friday, and USDA kept its 2016-17 U.S. corn export forecast unchanged in the December WASDE.
Strong export demand supports nearby corn prices, but USDA's unchanged export forecast and record world stocks limit the chance of a sustained rally.
seeitmarket.comMarcus LudtkeDec 12, 2016Not 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.
