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S&P Global forecasts China's MY 2024-25 corn imports from the US will rise 67.6% to 5.7 million mt, while imports from Brazil fall 48.8% to 6.6 million mt. The shift follows Brazilian corn prices trading higher than competitors.
Stronger US corn demand from China supports US corn export prices, while Brazil's loss of Chinese share weakens its export pricing position.
spglobal.comAug 12, 2024After 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.
