Mark Schultz, chief analyst at Northstar Commodity Investment, believes that the two-month rally in corn could extend into June.
“Corn should make a quick jump to test the January highs if futures close above the March peak,” Schultz said in a separate Bloomberg article. “The corn market is moving into a bull phase that may last through June until more is known about planted area, and the health of the crop already planted. We should see fund money flow back into the corn market.”
Teucrium Corn Fund
For more information on soft commodities, visit our grains category.
Max Chen contributed to this article.