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The U.S. Grains Council's September 23, 2021 market perspectives roundup lists country news. Argentina reported 40.4 MMT of 2020/21 corn sales, Russia cut its export tax on corn and barley, and Brazil cut its corn import duty for 90 days from September 20.
Ukraine's 2021/22 export forecast includes 23.1 MMT of corn and 4.2 MMT of barley.
Russian and Ukrainian export tax cuts and larger Argentine and Ukrainian supplies add to global feed grain availability, which weighs on corn and barley prices. Brazil's import duty cut modestly supports its own import demand.
grains.orgSep 23, 2021grains.orgSep 23, 2021Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
