There were no big surprises in today’s supply and demand report from USDA and the trade quickly turned its attention to what appeared to be a moderating weather outlook for the Corn Belt over the next few days.
Market analyst Arlan Suderman says weather is the key to whether corn
market can move higher.
“You’ve got to take a billion bushels off this before the market
really gets interested—and, so far, the market simply hasn’t seen a weather
risk to justify that,” Suderman says.