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The U.S. Grains Council's September 30 market report covers country news, including Argentina's record 2021/22 corn crop forecast and $620 million in export losses from low Paraná River levels. It also notes Brazil's corn tax cut and China's expected sorghum imports of 10 MMT, up from 8.5 MMT.
Argentina's larger crop and Brazil's import tax cut add export supply, which is bearish for corn, while China's higher sorghum import forecast supports sorghum demand.
grains.orgSep 30, 2021grains.orgSep 30, 2021grains.orgSep 30, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
