
Turkey's state grain board TMO awarded all 295,000 tonnes of its feed corn import tender held on November 12. Prices ranged from $293.50 to $298 per tonne C&F for shipments from November 20 to December 18, with İpek Agro taking 125,000 tonnes.
Final approval from the TMO board is still pending.
Turkish state buying adds import demand for feed corn, supporting corn prices and US Gulf and Black Sea corn export values. The C&F prices set a benchmark for feed buyers in the region.
After 737 past bullish trade events, Corn moved a median +0.4% over 5 sessions (57% higher; middle half -1.1% to +1.7%), and +0.5% over 20.
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.