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Chicago March corn was stable at about $167/t from December 7 to 11, with the USDA December report leaving the US balance sheet unchanged. Dry weather in Brazil and Argentina cut crop projections, with CONAB lowering Brazil's safra maize estimate to 24.1 Mt.
South American production losses and strong Chinese import demand support export prices for corn and related feed grains.
maizeurop.comCEPMDec 17, 2020After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
