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The European Commission cut its EU corn harvest forecast by 6.5 million tonnes, and French corn prices rose 13.4% month-on-month to E336 per tonne. France's corn condition rating fell to 47% good or excellent, the lowest weekly reading since 2011, due to drought.
A sharply smaller EU maize crop raises import needs and supports European and world corn prices, pushing feed buyers toward higher-priced supplies.
grainpricenews.comMike VerdinAug 26, 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.
