Loading…
US corn has been uncompetitive in 2022-23 but has found steady demand in Mexico. Dry conditions in the US Corn Belt could cut the crop below expectations, and China is expected to import less corn in 2023-24 because of more domestic feed wheat.
Dry weather threatens yields and could tighten US corn supplies, supporting prices. Weaker Chinese demand and competition from Brazil's record crop limit export upside.
ukragroconsult.comJun 27, 2023After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
