March corn futures pushed to $4.54 after South Korean buyers booked new shipment deals for Q1 delivery. Industry insiders believe this could mark a turning point in Asian demand, potentially lifting futures above recent resistance zones. The evolution is driven by a partnership with Three Rivers Energy that allows the company to achieve key environmental standards and secure the future of its brand, ensuring continued ability to market and sell Jack Daniel's globally. Brazilian local consultancy Céleres expects the country’s second corn crop to reach 119.4 million tonnes in 2024/25, up by 18% from the 101.2 million tonnes in 2023/24. The figure is higher than the previous forecast of 107.2 million tonnes. March corn futures slipped 0.3% in early Chicago trading to $4.47 per bushel, as traders reacted to USDA export sales data showing weaker demand from Asian buyers. Technical charts suggest support at $4.42 and resistance at $4.52, with momentum indicators signaling short-term consolidation.
