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Ukraine has already forward-sold around 20% of its corn export potential, with about 6-7 million mt of new-crop corn booked, mostly to China. Trade sources say the buying has supported regional cash prices.
Traders expect more demand for Ukrainian corn amid supply concerns in the Americas.
Strong forward demand from China for Black Sea corn tightens export availability and supports corn prices ahead of the Ukrainian harvest.
fastmarkets.comMasha BelikovaAug 11, 2021After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
