MAY CORN
The on-again, off-again Iran War has pushed May Corn into a choppy, side-ways trading pattern – as the uncertainty has produced potential volatility – with the mkt trading off daily War headlines! Mon Inspections were 1.66mmt & Thur sales were 1.76mmt! Corn is 11% planted – same as 2025 & 2% over the 5-yr avg! Underlying fundamentals are robust with a projected 4-5mil less acres– more than originally thought due to the high cost of fuel & fertilizer! Exports & ethanol d...
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