➡ Corn Prices Fall for Fourth Day – U.S. Weather and South American Yields Pressure Market

U.S. corn futures continued downward on Tuesday, closing lower for a fourth straight session. Drier planting forecasts and improved crop outlooks in South America weighed on prices.

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After holding steady early in the week, CBOT corn extended losses on Tuesday as weather models indicated favourable planting conditions in the U.S. Midwest. Meanwhile, updates from Argentina and Brazil raised global supply expectations. Euronext prices also declined, with early deliveries leading the downturn.

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📈 Market Situation & Price Development

🇺🇸 CBOT (U.S. Market)

➡ July futures fell to a two-week low, pressured by planting optimism.

🇪🇺 Euronext (EU Market)

➡ Prices weakened across maturities, tracking the U.S. market lower.

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🔍 Key Market Drivers

• 🌦 Favourable U.S. Planting Weather Ahead:
  • New 16–30 day outlook from Commodity Weather Group shows below-average rainfall in the Midwest
  • Potential for accelerated planting pace in late April
• 📊 Crop Progress (as of April 20):
  • 12% of U.S. corn planted (vs. 10% 5-year avg.)
  • Iowa: 18% (avg. 7%), Nebraska: 8% (avg. 5%)
  • Many states are still below average due to early delays
• 🇧🇷🇦🇷 Improved South American Outlooks:
  • Analyst Dr. Michael Cordonnier revised estimates:
    • Brazil: ↑ +3 Mt → 125 Mt
    • Argentina: ↑ +2 Mt → 48 Mt
  • Favourable harvest conditions and positive yield reports from Argentina

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☁️ 14-Day Weather Trend (Key Growing Regions)

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🌍 Corn Market Snapshot (Updated)

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💡 Trading Recommendations & Market Assessment

• 🔻 Short-term correction after overbought fund positioning
• 🌤 Planting-friendly weather adds bearish pressure
• 🧭 South American crops are improving → downside risk grows

Strategy:Consider defensive positioning until fresh bullish signals emerge. Watch for a potential bounce if planting gets delayed again or export data beats expectations.

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🔮 3-Day Price Forecast (April 24–26)

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