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Mark Soderberg at ADM Investor Services said, “Prices were steady to $.01 higher while spreads firmed. Dec-25 held support above this week’s low at $4.26. Secondary support is at the 100 day MA at $4.20. This week’s high at $4.37 was near the 50% retracement from the Feb. high to the Aug low.” Brandon Doherty at Total Farm Marketing said, “Argentina corn planting is trending slightly ahead of average. Last week, Argentina corn planting was 35% complete, up 5% from last week, and 6% ahead of the five-year average. Argentina is forecast to produce a 53 mmt corn crop this season.”
