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 Insider
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