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Buyers of EU animal feed corn have rushed to book supplies to replace Ukrainian exports blocked by Russia's invasion. Euronext maize futures hit a record, with the spot March contract setting a new all-time high of 333.50 euros a tonne.
Losing Ukrainian corn pushes buyers toward EU and other origins, tightening feed corn supplies and lifting prices across European and global corn markets.
reuters.comMar 1, 2022After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% 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.
