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Fastmarkets reviews 2021 corn prices, which peaked at $7.36/bu in May on Chinese demand and Brazilian crop losses. It says prices cooled in the second half and market fundamentals point to a slightly bearish 2022, though weather risks remain.
Ukraine, Argentina and other origins had bumper crops.
Ample new-crop supplies from major exporters point to softer corn prices, which lowers feed costs for buyers. Weather remains the main upside risk.
texasfarmbureau.orgJulie TomascikJan 4, 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.
