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market analyst expects the rally in corn futures to fizzle out by mid-July.
Naomi Blohm with Total Farm Marketing says while USDA’s revision to planted corn acreage came as a welcome shock, there’s still a lot of corn in the bin and in the field. “And we do have a tendency to see the month of July have a nice pop in prices and its about a two-week rally traditionally and it lasts until the second week of July or into the third week of July,” she says.
