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“A daily sales announcement this morning wasn’t enough to pull focus away from the huge South American crop estimates that are looming over futures,” Kevin Stockard, with CHS Hedging, said. “March corn settled just below its 200 day moving average, while Dec corn fell below $6/bu.”
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“Traders may now turn their focus to fund positioning following the report. In the latest Commitment of Traders data, managed money increased …
“Prices were steady to $.02 lower while spreads weakened. May-26 has MA support near $4.48. Corn used for ethanol production in Feb-26 at 425 …
“USDA announced weekly corn export sales on Thursday morning,” Total Farm Marketing said. “For the week ending March 19, USDA reported new cor…
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