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Spain's wholesale maize price rose 97.13% year on year to USD 1.98/kg in the fourth week of July 2022. Drought and heat waves in July hit corn crops.
Spain imports heavily, with nearly half of its imported corn coming from Ukraine and Brazil.
Europe's corn shortfall lifts import demand and global corn prices, and Spain's reliance on Ukraine and Brazil makes those origins key for feed buyers.
tridge.comLei WangJul 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.
