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May corn futures fell 11 cents to new contract lows on fund selling and weak technical indicators, with some short-covering limiting losses. Wet weather across the Western Corn Belt and Delta has slowed planting, with 6 percent of the crop planted by April 21 against a 12 percent five-year average.
Planting delays raise the risk of lower yields, which can support corn prices and feed costs. Export sales remain steady, though bookings are down year over year.
grains.orgApr 25, 2019grains.orgApr 25, 2019Not enough comparable past events yet for a historical read.
Not 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.
Corn fell to new contract lows on fund selling and weak technicals on April 25, which set up the downward momentum that continued into April 29, though planting delays were a partial offset.
