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USDA's January 12 WASDE cut its 2021-22 global coarse grain production forecast by 1.6 million tonnes, with lower corn output for Brazil, Argentina, Mexico, the EU and Paraguay partly offset by Ukraine. The IGC reported its maize price index up 4% since November, and the nearby US March corn futures rose 3%.
Lower South American and EU corn output tightens the global supply balance, supporting corn prices and feed grain costs for buyers.
world-grain.comChris LyddonJan 21, 2022After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not 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.
