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CBOT corn futures hit a 6-1/2-year high on Wednesday, extending gains to a 13th straight session. Argentina's agriculture ministry said it would suspend corn exports until March 1 to protect domestic supplies, and dry South American weather added to supply concerns.
March corn settled at $4.74-1/2 a bushel, the highest most-active level since May 2014.
Argentina is a major corn exporter, and a suspension of about 4 million tonnes removes supply from the world market during a dry spell. This tightens global corn availability and supports higher feed corn prices.
brecorder.comReuters31 dic 2020Tras 318 eventos alcista de política pasados, Maíz se movió una mediana de -0,1 % en 5 sesiones (48% al alza; mitad central entre -1,4 % y +1,5 %), y -0,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Corn hit a 6.5-year high on Argentina's export suspension and dry weather, building momentum into the window.
