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Corn made back all but 3/4 of a cent of its losses from yesterday. The open gap on the March chart at $3.8650 was filled as well. The USDA announced a 21.1 million bushel sale of corn sold to Japan, Guatemala and other unknown destinations this morning. Mexico was also a buyer of around 4.8mln (124,355 metric tons) of corn during the 2019/2020 marketing year. The strengthening dollar has led the Bloomberg Commodity Index to settle near the August 23rd lows. We will see if the scare from coronavirus is over or if it will keep grains range bound.
Wyatt Saeugling 1/28/20
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