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Chinese state estimates expect domestic corn prices to fall in 2021/22 as China cuts corn imports from 29 to 20 million tonnes, with prices already down 13% from May highs. Ukrainian corn prices are expected to face pressure from weaker Chinese demand and reduced US ethanol output.
Lower Chinese import demand combined with a record crop outside China weighs on global corn export prices, favouring feed buyers in importing markets.
ukragroconsult.comSep 30, 2021After 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.
