Two USDA reports, month-end and quarter-end ahead this week. March 27, 2023
Another gain was noted for corn pricing. An overnight sale to an Unknown buyer and acreage jitters ahead of USDA's 3/31 report were factors. Secondary contributors may have been better crude oil and wheat. Old crop has been able to retrace 50% of its big February to May decline, 645 3/4. Though new crop still has recovered 22 1/2 cents from Wednesday's lows, it still has a bit to go to challenge resistance.
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