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Chicago March corn tested 492 cents per bushel during the week but closed at 485.5 cents, up 0.2%. US corn shipments rose to 1.2 million tonnes in the week ended November 30, and ethanol output increased.
Rainfall improved in Brazil and Argentina, though South American weather concerns persist.
Strong US export inspections support prices, while improved South American rainfall reduces the risk premium. Net, corn is near unchanged.
stonex.comStoneX Intelligence BrazilDec 11, 2023Not 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.
