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Corn futures traded near 360 cents after a drought in Argentina produced rains that caught investors short. March crude oil traded higher overnight, and the market focused on U.S. export demand and the drought monitor.
Rains in Argentina reduce its drought risk and expected export tightness, which weighs on corn prices. U.S. export sales and crop conditions will decide whether corn trades higher from here.
investing.comDan FlynnFeb 1, 2018Not 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.
