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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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.