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China's corn imports rose 12.3% in the first 11 months of 2023 to 22.18 million tonnes, with November a record 3.59 million tonnes, mainly from Brazil and Ukraine. The Dalian May corn contract fell 1.2% to a seven-month low on December 18 amid active imports into southern regions.
Heavy import arrivals and record Brazilian export forecasts add supply to the world corn market and push domestic Chinese prices lower, weighing on export prices.
ukragroconsult.comDec 20, 2023After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
