Loading…
Chicago corn futures rose 3% to $8.07 a bushel, exceeding $8 for the first time in almost a decade and nearing the 2012 record of $8.49. The rally was attributed to the Ukraine conflict and to cold, snowy weather slowing US planting.
Lost Black Sea export supply and slow US planting tighten global corn availability, supporting feed corn and substitute grain costs for buyers.
bloomberg.comTarso VelosoApr 18, 2022Not enough comparable past events yet for a historical read.
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.
