New variant of the coronavirus in South Africa November 26, 2021
March corn advanced 14 3/4 cents this week. This was the highest close since July 1.Friday's action was characterized by a sharp gap lower open based on the finding of a new variant of the coronavirus in South Africa. Corn did quite well for the day with not only a strong rebound to fill the morning gap but also a higher close by the day. USDA's weekly export sales report confirmed China bought US corn last week. Additional factors include dryness for Eastern Argentina and Southern Brazil in the later forecast as well as discussions on energy prices and inflation.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
Possible light fund short covering yesterday
December 6, 2023
-
Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
-
SA maps still look solid for rains in the 10 day
December 1, 2023
-
Trade expects strong exports and more 8 AM announcements
November 30, 2023
-
Open interest continues to fall drastically
November 29, 2023
Market Movers
December 6, 2023
December 4, 2023
December 1, 2023
November 30, 2023
November 29, 2023
Snapshots
Snapshots