Corn Struggles Under Chinese Cancellations April 24, 2023
Selling continued from last week. July is now 10 1/2 cents away from testing its March lows. December was even worse with another new low for this downtrend posted. Additionally, the December broke those prior lows from last July by 1/4 cent before lightly rebounding. China actually cancelled old crop today. This is an extra concern past poor sales to our core buyers and an expectation for a good planting pace.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
Possible light fund short covering yesterday
December 6, 2023
-
Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
-
SA maps still look solid for rains in the 10 day
December 1, 2023
-
Trade expects strong exports and more 8 AM announcements
November 30, 2023
-
Open interest continues to fall drastically
November 29, 2023
Market Movers
December 6, 2023
December 4, 2023
December 1, 2023
November 30, 2023
November 29, 2023
Snapshots
Snapshots