Corn Climbs on Trump's Ethanol Push and Weak Dollar - Your Daily Market Update Titelbild

Corn Climbs on Trump's Ethanol Push and Weak Dollar - Your Daily Market Update

Corn Climbs on Trump's Ethanol Push and Weak Dollar - Your Daily Market Update

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This is your Daily Corn Price Tracker with Vanessa Clark podcast.

Hey everyone, welcome back to Daily Corn Price Tracker with Vanessa Clark. I'm so glad you're here today as we dive into what's happening in the corn markets right now.

Let me give you the current snapshot. As of today, March corn futures are trading at four dollars and thirty cents per bushel, up three and a half cents. This is pretty exciting news if you've been following along with us, because we're seeing some real momentum building in the corn market.

So what's driving this rally? Well, there are several things at play. First, President Trump made a speech in Iowa yesterday where he reiterated his strong support for year-round E fifteen ethanol. He even said he would sign legislation as soon as it hit his desk. For corn producers and ethanol supporters, this is huge because it opens up more demand for corn throughout the entire year.

Second, we're seeing the US dollar trading at a four year low. Now this might sound technical, but here's why it matters to you. When the dollar is weaker, American corn becomes more competitive on the world market. International buyers can get better deals on US corn, which drives up demand and pushes prices higher.

Third, corn export sales have been absolutely incredible. We're talking about sales that have exceeded all expectations. The strong export demand is definitely supporting these higher prices we're seeing.

Now let's talk technical levels because these matter if you're making any selling or buying decisions. Traders are watching the four thirty-five to four forty-three cent range pretty closely. If March corn pushes up through that area, we could see it rally all the way up to four forty-five. On the flip side, support is sitting at four seventeen and three quarter cents, which was the low from January thirteenth.

One thing to keep an eye on is whether farmers start selling more aggressively at these higher price levels. With recent cold weather and some snowstorms, a few folks are firming up their basis to draw in bushels. But at these prices, we might see more farmer selling pick up, especially if we continue climbing.

Looking ahead, the real wildcard is what happens with Argentina's corn crop. They've been dealing with extremely dry conditions, and traders are watching the forecast closely. If Argentina gets the rains they're expecting in the next six to ten days, that could ease some of the concern. But if the drought persists, we could see even more strength in corn prices.

Thanks so much for tuning into Daily Corn Price Tracker with me today. Remember to subscribe so you don't miss tomorrow's update, and we'll keep you posted on all the latest corn market movements. I'll talk to you next time.

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