“We’re just running into a little bit of technical resistance across the market,” said Dan O’Bryan, risk management specialist and broker at Top Third StoneX. “You have to feed the bull run every day,” held.
The corn losseswhich last Wednesday reached a maximum of almost two months, were limited the day before by concerns about the possible shortage of the harvest in the American Midwest.
Added to this is that the corn yield prospects in illinois they are also lower than last year, but above the three-year average.
For its part, America’s bumper crops are needed to make up for the world’s tight grain supply, but extreme heat and widespread drought in parts of the Midwest have made fields difficult, and a series of problems around the world point to several years of tight supplies and high food costs.
Source: Ambito
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