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Corteva chief economist Steve Elmore and Dr. Dermot Hayes presented an outlook for pork and grain markets at World Pork Expo. They cited food and feed inflation, a 13.7% annual increase in pork prices, and poor South American weather that could affect the upcoming corn planting season.
Weather risk to South American corn and strong global demand for feed grains suggest firmer corn prices into the next season. The presentation is an outlook rather than a confirmed supply loss.
porkcheckoff.orgJul 13, 2022After 151 past bullish macro events, CORN moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% 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.
