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March corn futures were up 1.25 cents for the week in choppy, sideways trade after the December WASDE. USDA reported strong corn export sales of 1.948 MMT and exports of 1.093 MMT for the week ending Dec.
9, and Iowa ethanol gross margins fell but stayed well above zero.
Strong export demand supports corn, but range-bound trade and sideways technicals limit near-term price direction. Healthy ethanol margins support DDGS and corn grind demand.
grains.orgDec 16, 2021grains.orgDec 16, 2021Not 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.
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.
