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A Chinese agriculture ministry official said there is no lasting corn shortage despite recent price surges. He blamed speculators betting on short-term shortages and said the price rise was reasonable given typhoon-related harvest costs.
The Dalian January contract reached its highest level since its 2004 launch.
Official reassurance and a good harvest outlook could cool speculative buying in China's corn futures. Lower Chinese corn prices would ease import pressure on global feed grain markets.
caixinglobal.comHuang Shulun, Du Caicai, Luo Meihan23 oct 2020Tras 439 eventos neutral de política pasados, Maíz se movió una mediana de +0,1 % en 5 sesiones (51% al alza; mitad central entre -1,3 % y +1,2 %), y +1,1 % 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.
