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CBOT most-active corn traded near a one-week high after USDA confirmed US corn sales to China totaling 1.156 million tonnes. USDA also reported one of the strongest weeks of corn export inspections on record.
Soybeans and wheat were little changed.
Strong export sales and inspections draw down US corn stocks and support near-term prices. Continued demand from China would keep the market firm.
financialpost.comReutersMar 17, 2021After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), 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.
