Corn: Is the News Correlated to Price Movement?
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Barchart
Barchart
February 2023, I wrote an article for Barchart, “While Corn Hibernates, Let’s Visit Brazil,” I posted, “MRCIs research confirms that February has historically been a slow to sideways month for cash corn prices. The volatility improves in March as the corn market prepares for its last seasonal rally into the spring planting season, where commercial producers will aggressively begin to sell futures for hedging purposes.” During this anticipated seasonal price decline, the news about corn was bearish for prices. Talks of US exports declining to low weekly levels due to China not being back to tot…