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AHDB notes Argentina exported 37.5Mt of maize in 2021/22 and expects a 50Mt crop with 41Mt exports in 2022/23. Planting is 17% complete as of October 19, down 9.3% year on year, and La Niña dryness is a risk to the crop.
Delayed Argentine planting and a possible La Niña drought would cut exportable maize supplies, supporting global corn prices and US and Brazilian corn demand for feed.
ahdb.org.ukOct 21, 2022After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
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.
