AgResource Corn Comment and Analysis
Dec Corn Finds Newer Low; July-Dec Spread Corrects on Chinese Cancellation: Funds on Wednesday sold another 9,500 contracts of corn in Chicago amid bearish old crop input and as Central US weather for now is non-threatening/irrelevant. China cancelled another 272,000 MTs of previously purchased US origin. Ethanol production is expanding, but slowly, and as the…