Trade Looks to Larger Carryout and Higher Acreage March 9, 2023
Overnight trade looked for a bounce in corn and it is possible that some knew to expect strong exports which were seen today at 1525K. That export number is strong especially after the USDA lowered export expectations yesterday. A single improved export report was not enough to offset the recent raising of carryout yesterday along with high expectations of seeing a 2+ million acre increase in acreage in just over 3 weeks.
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