So much 2024 has experienced a muted tone for corn futures. A timely modern rain in Brazil and a slight slowdown in U.S. corn export demand from customers is trying to keep price ranges in check. Including to the pessimism is the truth that the funds keep on to maintain their brief positions, which qualified prospects to ongoing overall price pressure.
What’s happened
A lot of producers have lamented not marketing adequate through the cost rally in summer months 2023 for the reason that they ended up anxious about the crop escalating in their fields. The drought was serious, and