Bullish Turn in Corn Futures? Despite U.S Corn Production Surplus and Inter-Commodity Dynamics?
Are we at the verge of a potential bull cycle if the 2017-2021 resistance becomes a support line in 2024? I’ll keep an eye for higher highs! Be aware of the U.S. record-high 2023 corn production and the inter-commodity competition with soybeans which can pressure the corn price down. U.S. agricultural surplus, especially corn surplus,…