USDA Report Week Ahead, Corn Flash Sales Become a Trend 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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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.