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USDA reported 215 TMT of corn sales to Mexico and Spain was also buying US corn. EU corn exports are running well below last year, and Argentina's corn harvest is 28% complete with estimates ranging from 47.5 to 53 MMT.
US sorghum cumulative exports reached 192.6 million bushels versus 65.7 million a year earlier.
Steady US export demand supports corn and sorghum prices, while Argentine supply estimates and Brazilian crop size shape global competition for feed grain exports.
grains.orgMay 30, 2024grains.orgMay 30, 2024grains.orgMay 30, 2024Not enough comparable past events yet for a historical read.
After 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.
Not enough comparable past events yet for a historical read.
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.
