Amid trade wars between the U.S. and China, corn stocks remain steady. Experts see a favorable market for corn in the coming days.
Despite weather conditions turning good, grains like corn and wheat dropped last week while soybean prices roughly increased.
Corn shook up the agricultural stock market, ending with a massive close at 175 million bushels for exports and 2.127 billion bushels for ethanol.
Poor weather conditions are hampering grains productions across Brazil and Argentina, threating a lower global production.
Increased wheat trade was observed in Chicago but Minneapolis' market closed lower. Production remains steady despite consistently low demands.
Increased sugar stocks offset a dip in the trade market of wheat, corn and oats. Changes in production and usage predict accountability in the next months.
The corn market has been stagnated for a while but corn prices may recover and could potentially rise.
December is a make-or-break month for the soybean market.
Russia remains the top global wheat export market but the country still have its limits.
Supply and demand does not dictate the prices for grains such as corn, wheat and wheat.