Corn descent: not done yet?

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If you're looking at corn futures waiting for the price to bottom out, you might have a while longer to wait. Recall that prices didn't firm last year until the end of May.

Yes, prices are lower now, but they've only just breached the high end of the USD3.00-4.50 range where they spent most of their time for several years after 2013.

For now, we'd leave it in the elevator.

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