6 Reasons US Corn Prices Can Move Higher
HTS Commodities2 minutes ago
US corn futures prices continue to be plagued by negative domestic demand fundamentals and accommodating global stocks. Corn’s massive managed money net position shrank by an incremental amount last week but the position remains a variable that needs to be monitored headed in planting season. Inside the global feed grain export market, the strength of the US dollar along with other origins setting the global FOB price (Brazil corn and Russia wheat) continues to make US corn and wheat the residual supplier to the world. Despite the negative performance of US listed corn and wheat futures, below are the leading variables that view can create upsides price risks.