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Corn End User Update: Prices Bottom When Perceived Supply Peaks

A version of this report geared towards speculators appears in the August 25th issue of our Weekly Market Letter. Take a free trial today. 

End users in corn should be on alert to take action soon. The market is probing for a short-term low, and with a minor shift in weather or psychology, a short-term low could quickly turn into a major, longer-term low. Th e corn market is currently absorbing expectations for a large harvest and massive ending stocks for the 2016/17 season that will roll into the 2017/18 marketing year. US stocks are at a 29-year high, and world stocks have reached a new record…

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