Buy The Dip?

Corn (July)


Fundamentals: We saw a wild floor open yesterday as Bloomberg reported Chinese cancellations, the USDA has yet to confirm that. This morning’s weekly export sales report showed net sales of 555,900 MT for 2020/2021 were up noticeably from the previous week and from the prior 4-week average. For 2021/2022, net sales of 5,691,300 MT primarily for China (5,644,000 MT).