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Chicago corn touched its highest level since 2012, rising to $8.1975 a bushel, as the Ukraine war restricts Black Sea supplies and drought threatens Brazil's second-crop corn. China bought 1.1 million tons of US corn in a fourth flash sale above one million tons this month, and US planting is the slowest since 2013.
Brazilian safrinha drought and Chinese buying pull export demand toward US corn, supporting feed grain prices.
airfreight.newsBloombergApr 28, 2022After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
