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The IGC said its corn price index eased 1% month on month in its April 20 report, with US export values rising and South American values falling. Large Chinese sales lifted nearby US contracts, while expectations of larger 2023-24 supplies limited gains in deferred months.
The IGC also reported barley export prices fell after declines in the Black Sea, EU and Argentina.
Chinese buying supports nearby corn and narrows the US premium to Argentina, but larger new-crop supplies cap further gains. Lower barley export quotes point to cheaper feed barley for buyers.
world-grain.comChris LyddonApr 25, 2023Not 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.
