AgResource Corn Comment and Analysis

CBOT Corn Follows Surging Wheat Market; Market Not Digesting South American Crop Damage: March CBOT corn rallied 2.5 cents as wheat futures break through chart-based resistance. Corn’s own fundamental input remains bullish. Near complete dryness will persist across Argentina through the end of December. Brazil’s interior market has rallied slightly following CONAB’s 2.3 MMT cut…