Why A Stall in The Corn Rally?
Last weeks corn trade did not feel like a traditional weather lead rally much less one that is on the back of what could become the worst weather event to impact US production. Watching social media, it is no secret that stress levels are running high in the farmer community that is not helped by watching the markets level off/turn lower with a flashy story like Mexico back at the table, how can they be lower?!
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It was written prior to the June WASDE and still ringing true today.