A market analyst says the corn futures markets is looking for a reason to push above $4.50.
Naomi Blohm, senior market advisor at Total Farm Marketing, tells Brownfield…
“If it doesn’t, it doesn’t mean we’re going to crash and burn, but it could mean we see a simple 10 cent pullback and prices then continue to trade in a sideways pattern,” she says, “until we get a little bit more news out of the safrinha crop in Brazil, till we get a better idea of our planting pace here, and how summer weather patterns are starting to look.”
Blohm says outside influences, like the Federal Reserve’s June 12th meeting, could also spur the markets.
