15 Aug 2024
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Corn prices moved a little lower on the week, only down by USD 2 or 3 m/t, but probably could have been lower except for the wet weather in parts of the corn belt and some delays to the corn planting. According to futures reports the commodity funds are very short corn – so they think that it is going lower. Expected very big crops in both Argentina and Brazil are putting a lot of downward pressure on corn prices.......please click PDF to see more details