Corn (CORN) Prices March Higher
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Corn prices continue to march higher with Teucrium Corn Fund ETF (NYSE: CORN) spiking again today. Corn futures prices have moved significantly higher this month as a result of warmer temperatures and droughts in the farm belt. This weekend saw rains in several areas, but the hardest hit areas received little relief. Forecasts call for another 10-day period of dry temperatures across the Midwest. The hardest hit areas include central and eastern Iowa. With the corn crop reaching its critical pollination phase, fears are mounting that this year's crop could decimate.
A few models are predicting wetter weather than forecast, but traders aren't taking any chances at this point. Teucrium Corn (NYSE: CORN) is higher by 5 percent intraday on Monday.
A few models are predicting wetter weather than forecast, but traders aren't taking any chances at this point. Teucrium Corn (NYSE: CORN) is higher by 5 percent intraday on Monday.
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