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Valley corn and milo prices held steady to improved during harvest, supported by truck demand from Mexican feeders at the border. Corpus Christi vessel demand for June-July milo was weak compared with recent years, though local prices were still $1-2/cwt better than last year.
Stronger trucked demand from Mexico is supporting local sorghum and corn basis, while weak port demand limits upside for export-bound milo.
issuu.comAug 4, 2022Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
