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The IGC reported that its maize sub-index firmed in recent weeks, with export prices up 2% net but still 12% below a year earlier. US maize futures fell about 6% on favorable crop prospects and speculative fund selling, while Brazilian export premiums firmed amid river bottlenecks.
Sorghum followed US maize lower.
Favorable US yield prospects are weighing on corn and sorghum, while Brazilian logistics constraints add cost support in export markets.
world-grain.comChris LyddonJul 22, 2024Not enough comparable past events yet for a historical read.
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.
