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December corn futures fell 3% in the week, pressured by soybeans, excellent crop conditions and trade tensions. Corn was rated 77% good to excellent, the highest since 1999, and USDA Grain Stocks and Acreage reports were due the following day.
Strong crop ratings and expectations of above-trend yields weigh on corn prices, although a surprise in USDA stocks could move the market. Feed buyers should expect continued softness in corn absent weather problems.
grains.orgJun 28, 2018grains.orgJun 28, 2018grains.orgJun 28, 2018Not 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.
