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S&P Global analysis says corn buyers are unlikely to see relief from higher prices in 2021-22. It reports no near-term easing of corn supply risks and expects La Nina to return in spring and persist through summer.
It also puts China's corn supply-demand gap at around 32 million mt in 2022.
A tight global corn balance and a likely China shortfall support corn prices and keep feed costs elevated for buyers into the next marketing year.
spglobal.comAug 30, 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.
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.
