What will the USDA say in the Crop Progress report this afternoon? The trade is expecting corn planting to be at 60 to 65%. Any number that is less than 65% I will view as positive for corn prices. We are in the ideal time period for the 12-week bottom-to-bottom price cycle to put in a low. Watch for the first day that prices close above the two previous days’ high to confirm that low.
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