AgResource LATAM, Dec 20
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March CBOT Corn Posts Contract Low at Midday, Finds Support at $4.70: CBOT corn futures ended .01-.03/Bu lower. Spot Brazilian corn ended $.03/Bu higher at $6.16. Spot corn in Europe rallied $.02/Bu higher. Neither the bulls nor bears can find leverage outside a range of $4.70-4.85, basis spot, and ARC doubts new direction can be…
World Wheat Markets Stagnate: Global wheat futures ended weaker, with Chicago alternating between rallies and breaks in each of the last four sessions. A new price plateau has established following enormous Chinese demand for SRW along with confirmation (via RMA data) of winter wheat seeding declines in the US. But new input is needed to…
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