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July Chicago corn futures fell 3.2% during the week, and June Paris corn fell 4.6%. The declines followed China's signed agreement to import Brazilian corn, faster US planting (72% sown by May 22), and moves to reopen Ukrainian export corridors.
Expected Chinese purchases from Brazil and faster US planting add export competition and supply, which pressures corn prices, though Ukrainian export constraints limit the downside.
ukragroconsult.comMay 26, 2022Not 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.
