
Bangladesh feed manufacturers are shifting purchases to Indian rice and corn DDGS, which they say is up to $100 per tonne cheaper than US DDGS. India's ethanol expansion has pushed up domestic corn prices, and India may need to import grain.
The US is pressing for access to India's corn market in a trade deal due by August 1.
Cheaper Indian DDGS diverts Asian demand away from US product, weighing on US DDGS export prices. Rising Indian corn demand and possible imports could firm global corn prices if the US-India deal opens the market.
Not enough comparable past events yet for a historical read.
After 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.