Market Briefs 12-18-2024
Published
12/16/2024
Corn hits two-month high off report
USDA estimates show lower global stockpile of corn than previously thought.
Corn futures surged to two-month highs last week, with March futures closing at $4.49 per bushel Dec. 10, after the U.S. Department of Agriculture’s (USDA) December World Agricultural Supply and Demand Estimates (WASDE) reduced estimates for U.S. and global stockpiles in 2025.
The USDA slashed its estimates for U.S. corn stockpiles...
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