Loading…
A daily market commentary covering the economic data calendar, mortgage rates and housing affordability, with corn and ethanol mentioned in the report title. The text centers on macro releases and does not describe a new corn-specific driver in the excerpt.
Macro data such as mortgage rates and GDP has only an indirect effect on grain prices, so the impact on feed markets is limited.
blog.pricegroup.comDaniel FlynnAug 29, 2024Not enough comparable past events yet for a historical read.
After 541 past macro events, CORN moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
