Grain market review: Coarse grains
Short covering by funds, in the absence of new bearish news, sparked a small-scale recovery in maize (corn) prices, following recent declines. The European Confederation of Maize Production (CEPM) in its March 19 Corn Market publication said, “US maize prices continue to consolidate with a second consecutive week of gains, following 10 weeks of continuous declines between early January and Feb. 20. This is due to a more cautious attitude on the part of non-commercial funds, which are covering part…