Loading…
Premier Feed Mills, a Nigerian subsidiary of Flour Mills, temporarily suspended maize and sorghum purchases from local producers because of high prices. Nigerian food inflation reached 35.41% in January, and white maize rose 79.5% year on year in December.
A large feed buyer stepping back cuts local demand, which pressures Nigerian maize and sorghum prices, though the effect is confined to one import-dependent market.
millingmea.comEditor MillingFeb 22, 2024Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
