AgResource Corn Comment and Analysis
CBOT Corn Reverses Monday’s Trade; Weather Importance Rising: Old crop-new crop bull spreading returned on Tuesday, though in mediocre volume. The market’s push to $5.50+, spot, and $4.80+, basis Dec, has digested NASS stocks & seedings data along with WASDE’s expected changes to the US balance sheet. Weather’s importance is elevated moving forward, with the…