UIUC Weekly Outlook: Corn Market Remains Unsettled
Ending stocks are usually fairly clear by this time of the year; not so in 2012
The mixed fundamental picture for corn results in a wide range of price expectations and complicates marketing decisions for producers. This type of environment favors spreading sales of remaining old-crop inventories over the next few months. For now it appears that the recent wide trading range (about $5.75 to $6.75 for March futures) will persist, with prices in the upper part of the range providing opportunities for incremental sales.
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