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Chicago December corn fell $3/t in the week to September 16 to $267/t despite a bullish USDA September report that cut US yields and carryout stocks to a 10-year low. The report also revised world corn production, consumption and stocks lower, while Corn Belt harvest began slightly late.
Lower US and world corn carryout supports prices over the medium term, though the weekly decline reflected Fed-rate-hike fears that dominated the market.
maizeurop.comCEPMSep 22, 2022Not 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.
