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Grain Price News publishes a forecast series asking whether corn prices will rise for a sixth straight year in 2023. Fitch Solutions expects prices to stay above pre-2022 levels, citing a projected fall in global corn exports larger than the fall in production due partly to the Russia-Ukraine conflict.
A forecast of tighter global corn exports and elevated volatility supports corn prices and raises feed grain costs for buyers heading into 2023.
grainpricenews.comMike VerdinDec 28, 2022After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
