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IndexBox forecasts the 2022 average US maize price to fall 10% year on year as global output rises and Asian feed demand weakens. It also reports that US corn export sales doubled to $16.5B in January to October 2021 on strong Canadian feed demand.
A forecast of lower prices from higher global supply and softer demand is a bearish outlook for feed corn, though the forecast carries energy, fertilizer and freight risks.
indexbox.ioJan 17, 2022After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
