AgResource Corn Comment and Analysis
CBOT Corn Corrects at Chart-Based Resistance; Reaction to Large Export Sales Disappointing: CBOT corn futures ended weaker at $6.7525 March which turns the contract’s chart pattern moderately negative. ARC expect a complex, choppy marketplace into spring. Brazil’s spot corn futures settled at $7.45/Bu but May forward prices are weakening. US export sales were 63 Mil…