Corn Capped at 4.25: Brazil's Bumper Crop and China's Comeback Shape This Week's Trade
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Corn Capped at 4.25: Brazil's Bumper Crop and China's Comeback Shape This Week's Trade
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This is your Daily Corn Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Corn Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on corn prices, market moves, and what it all means for you.
Right now, March corn futures are sitting at about 4.23 to 4.24 per bushel after closing down a cent or so today, according to closing reports from GX94 Radio and CK News Today. Early morning action from AgMarket.Net showed the corn market down 1 to 2 cents to kick off the week, with support around 4.10 and resistance at 4.25. GrainPrices.com confirms that early trade drift lower amid bigger global supply outlooks, especially from Brazil where Conab projects a massive 138.87 million ton crop keeping international values in check.
Chinas December corn imports jumped over 130 percent year over year per CoopFE grain comments, which is a bright spot for demand, but Brazils safrinha planting and strong yields are capping upside. A weaker US dollar down 89 to 90 points is helping our export edge, and last weeks solid sales could carry over with weekly export inspections due soon. Cold weather in the Upper Midwest might slow trucking, so watch basis levels they are firming east but steady out west.
Heres your takeaway: If youre holding corn, eye that 4.15 to 4.25 range AgMarket.Net predicts for March this week. Consider locking in sales if we bump resistance, especially with tariff talks on the EU possibly stirring things up.
Thanks for tuning in, pals. Subscribe, share with your farming buddies, and catch you next time on Daily Corn Price Tracker!
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