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US corn export shipments have started the 2024/25 marketing year at a rapid pace, with sales over 234 million bushels ahead of last year through the first seven weeks and the fourth largest for that week in over 30 years. Global buyers are increasingly turning to US corn despite talk of ample world supply.
Strong US export demand tightens the export balance and supports US corn prices, while the columnist argues USDA may be overstating exportable supplies in Brazil, Ukraine, Russia and the EU.
barchart.comAngie SetzerOct 28, 2024After 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.
