Market reverts back to basics
At times, we tend to forget what the basic function of the futures market is: price discovery. While several fundamental and technical factors can drive the market on a day-to-day basis, ultimately this task is determined by supply and demand.
The current balance sheet on corn is fragile, but not at a stage where panic buying has taken place. The current carryout estimate for the 2019-20 marketing year in corn is 2.01 billion...
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