Corn prices continue to collapse and push lower on fears of higher US planted acreage, record lows in Brazilian currency and of course the expectations of even weaker demand from the energy sector. Contract lows were reached in yesterday’s trading session. Coronavirus concerns remain a source of pressure on the market, as people are growing concerned that China will not be able to meet its expected purchases of US ag products. Recent surveys are predicting that corn acreage will come in at 96.6 million acres this year, which is 7% more than last year. The Buenos Aires Grain Exchange increased their forecast for 2019/2020 argentine corn production from 49.0 to 50.0 million tonnes. The USDA projection was 50 million for the February update. Weekly export sales showed corn sales at 864,600 tonnes for the current marketing year. Resistance comes in at 371^6 and 376^6 with support at 364 and 361.