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Corn futures finished higher after an afternoon rally, with May up 2.5 cents and nearby cash up 3 cents. Traders awaited weekly export sales data, and Ukraine's March shipments were 774,000 MT.
Brazil shipped 1.7 MMT of corn in February, below last year's 2.27 MMT.
Lower Brazilian and steady Ukrainian export flows keep global corn supply tight-to-balanced, supporting prices for feed buyers in the near term.
theglobeandmail.comAlan BruglerMar 6, 2024Not 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.
