Corn futures in 1996 made a rally from $3.866 per bushel on March 1 to $5.074 on April 26. There was also a corrective low of $4.35 on June 5, with a high price of $5.162 on June 28. Prior to July fourth, corn futures made the peak before eventually selling off to $2.996. Corn end stocks to use were 10.05% in 1996 and are presently positioned at 5%. In 1996 corn reached 88% pollination on August 11 and corn futures were $3.75 per bushel.
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