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US corn farmers are concerned about vomitoxin, a mycotoxin produced by fungal contamination in grain. Contaminated feed can sicken livestock and reduce weight gain, particularly in hogs.
Grain buyers can reject cargoes or penalize farmers for shipments containing it.
Contamination risk can lead to rejected cargoes and discounted corn, adding pressure on US corn basis and export demand at a time of already tight global grain supplies.
reuters.comP.J. HuffstutterNov 2, 2022After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% 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.
