South American corn the cheapest feed grain available

After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.

• Jan 10, 2025Barley prices and China's changing grain demand | Stock Journal | SA+3.2%
• Mar 9, 2020Grain Journal | China Feed Demand Down, According to Latest USDA…+0.3%
• Aug 20, 2024Grain Journal | China Imports Record Amount of Feed Grains-3.5%
• Nov 17, 2020Mexican Grain Buyers Importing From South America - AgWeb+1.1%
• Mar 27, 2017Mexico considers granting duty-free access to South American corn - Brownfield Ag News+1.6%

After 26 past neutral trade events, Brazilian Real (BRL per USD) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.4%), and +1.3% over 20.

• Mar 7, 2019China's Shopping List in America Has These Farm Goods at the Top - Bloomberg+0.3%
• Dec 17, 2019Brazilian soymeal headed for China | The Poultry Site-0.1%
• Jun 25, 2019China’s US soybean and pork imports down 55.3 per cent due to trade war, African swine fever | South China Morning Post-0.1%
• Oct 31, 2024Export demand for corn in Ukraine remains high, although world prices are under pressure from cheap US corn supply-1.3%
• Mar 21, 2023China soybean prices plunge amid weaker local demand, higher Brazil farmer sales-0.3%