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Corn prices in China have climbed to multi-month highs even as the harvest advances. Wet weather slowed crop collection, and record energy prices raised grain drying and logistics costs.
Tighter domestic Chinese corn supply and higher handling costs support import demand and firm prices, which can pull on global corn and DDGS export interest.
reuters.comHallie GuNov 12, 2021After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
