Falling crude and poor corn demand pressured the trade. January 4, 2023

Another day of liquidation was noted in corn. March has now lost 31 cents from Friday's highs. It is now in the lower half of the October peak to December low trading range. Concerns over US exports, and to a lower extent ethanol, remain dominant topics ahead of next Thursday's USDA reports. At this time this is a larger issue than Argentine crop concerns.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.