The corn market lost 5 cents in March and 15 cents in December last week. Corn continued to trade in its sideways pattern. The market found support from fresh export sales along with tight ending stocks, while the new crop market is finding pressure from larger acreage and yield estimates.
The corn market gained 10 cents last week. The futures came under pressure mid-week with larger acreage and production estimates for 2012. Buying interest did resurface late last week with fresh export sales.
Area farmers are evaluating which crops to plant this spring. Crop prices are high enough that most crops project a profit, at least on paper. But complicating the decision — and possibly accelerating the need to make firm planting decisions — is a shortage of seed for many crops.
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