◂ Event Timeline

Jul 7, 2023TRADEUS

The US is the world's biggest corn exporter - but for how long?

A BBC feature reports that US corn exports have been hurt by a weather-reduced 2022 crop, low Mississippi River levels and higher prices. The US is on track to be overtaken by Brazil as the top corn exporter.

WHY IT MATTERS

Losing export share to Brazil reduces US export demand for corn, which weighs on US corn prices over time.

AFFECTSCorn▼

SOURCE
bbc.co.ukStephen StarrJul 7, 2023

Price reaction & history

Corn▼bearishSO FAR1d -0.7%5d +2.6%20d -9.3%

After 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.

Jul 2, 2019bne IntelliNews - Ukraine takes “world’s large grain exporter” title from Russia+2.8%
Dec 9, 2019The slow pace of exports lower corn prices-2.5%
May 1, 2025EU tariffs to curb US corn imports, soy at lower risk for now-3.8%
Mar 25, 2024Trump tariffs create risks for US ag exports | Latest Market News-4.9%
May 1, 2024How much grain is Ukraine exporting and how is it leaving the country?+2.6%

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.

Corn CORN · GP ▸

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