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Chicago corn export inspections for the week ending 19 October were 437,549 tonnes, down 6.2% on the week and 7.4% year on year, as US prices sit above Brazilian and other origins. The European Commission kept its EU corn production forecast at 59.9 million tonnes after MARS cut yields 2% on dryness in southeastern Europe.
Weak US export demand from high prices and harvest pressure weighs on corn, while EU dryness-driven yield cuts offer limited support given the maintained production forecast.
czapp.comAlberto CarmonaOct 31, 2023Not 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.
