Corn follows soybeans higher

Corn futures were trading higher last Friday but are still in a consolidation pattern. The market will await a breakout as an indication as to whether the bullish trend can continue. For such direction, tomorrow’s WASDE report will be scrutinized as well as weather [...]

Corn futures consolidate ahead of USDA report

Corn prices traded in a relatively narrow range of about $0.10 per bushel last week. Traders were also positioning ahead of what is expected to be a fairly bullish WASDE report tomorrow as the market foresees the potential for additional declines to ending stocks [...]