Loading…
Argentina's deepening drought and limited corn supplies in Brazil have led importers to buy U.S. corn at a record pace. The United States holds the largest available export surplus among major suppliers.
Losing South American export supply shifts demand to US corn, supporting US corn prices and export flows. Tight South American supplies strengthen the export outlook for US corn and reduce competition for buyers.
reuters.comKarl PlumeMar 15, 2018After 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.
