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US corn production for 2023/24 is pegged at 15.234 billion bushels, with ending stocks near 2.13 billion. Seasonal data show March corn futures rose into January in each of the past 16 years.
Analysts say a major rally would need strong exports, Brazilian weather problems or a US drought.
Large US stocks cap rally potential, but seasonal patterns and possible export or weather shocks support prices into the new year.
farmprogress.comNaomi BlohmDec 14, 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.
