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China has imported 26.2 million tonnes of corn so far in 2021, up 236% from 2020, with most supply from the U.S. Chicago corn fell in the week on profit taking despite better-than-expected export inspections. The analysis forecasts Chicago corn at $4.50-5.00 per bushel for 2021/22.
Heavy Chinese corn buying supports U.S. export demand and firm corn prices. Analysts expect prices to hold above the forecast range.
czapp.comAlberto CarmonaNov 24, 2021After 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.
