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US corn export commitments for 2022-23 totaled 29.2 million tonnes by early March, covering about 60% of the government's full-year export outlook of 48.9 million tonnes. The coverage rate is tied for the lowest by this date in several years.
Slow forward sales leave room for export demand to pick up if competitors' supplies tighten, which could support US corn prices later in the marketing year.
reuters.comKaren BraunMar 3, 2023After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
