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Procurement analytics firm Beroe forecasts corn prices will stay elevated through 2023 as Ukraine's war hampers its grain exports and global supply is still catching up with demand. Chinese feed demand for corn is under pressure, while US and Chinese processing demand is rising.
Ukrainian export disruption and tight global corn supplies support corn prices, which raises feed costs for buyers. Weak Chinese feed demand is a partial offset.
dairyreporter.comTeodora LyubomirovaJan 12, 2023After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% 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.
