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(May 2 2012) Exclusive to GEOnomic Investing: Corn prices were under pressure through the first half of the month; but then recovered on technical buying. On the last trading day of the month corn climbed to a three-week high; the week prior futures rallied after the U.S. announced its largest one-day sale of corn since [...]
Corn prices witnessed some volatile swings, responding in a knee-jerk fashion to changing supply and demand projections. Adding downside was speculation that the U.S., the world’s biggest shipper of the grain, will increase production 15 percent to a record, according to a report by the United States Department of Agriculture. Yields may average 164 bushels [...]