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China cleared the way for imports of Brazilian corn after its existing corn imports, which came entirely from the United States and Ukraine, were disrupted by Russia's invasion of Ukraine. Importers and food companies are seeking alternative suppliers as Black Sea shipments have been disrupted.
Losing Black Sea corn supply tightens available export volumes and shifts demand toward Brazil, which supports corn prices and raises Brazilian export demand.
asiafinancial.comGeorge RussellMay 25, 2022
reuters.comDominique Patton, Tom Polansek, Hallie GuMay 25, 2022After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), 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.
