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Indian corn imports are rising as the government promotes corn-based ethanol, with India set to become a permanent net importer. Indian poultry producers are lobbying to remove corn import duties and lift the GM corn ban.
Expected Indian import demand is likely to support global corn prices, which are near four-year lows, while policy changes could further expand import flows.
reuters.comRajendra JadhavSep 4, 2024After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
