The movement of old crop corn is picking up as farmers finish planting.
StoneX chief commodities economist Arlan Suderman says there was a flush of selling following Tuesday’s price collapse.
“It was kind of a give up out of frustration. I think if we would’ve broke prices a little bit more, we would’ve seen some more selling. We’ll probably see quicker selling now on the rally.”
He tells Brownfield that’s typical in this type of market.