*IGC: 2023/24 global corn crop forecast by 1 million tons to 1.222 billion ton *USDA projecting the corn season average price of $4.90 Corn prices are facing supply pressur ....
*CONAB sees the combined Brazil corn crop at 127.767 million ton *Ethanol for corn to recover maybe $5-per-bushel balance US corn futures fell to their lowest price since ....
*Producers pulled back on their short positions as prices declined to sub $5 per bushel *Managed money had built a net short position and prices were ready to continue falling ....
*Brazil’s production soaring from 152 million ton this year to 159 million ton in 2023-24 *Projected average price will slide from $14.20 per bushel to $12.10, or $2.10 per bu ....
*Agriculture traders are watching US weather and Brazil's FOB (export) prices *New-crop corn is already breaking the ranks in terms of downward momentum Corn prices crashed ....