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USDA Foreign Agricultural Service reports record U.S. corn exports for 2020/21, forecast at 73.0 million tons, driven by strong foreign demand and reduced Ukrainian competition. Robust Chinese demand also pushed U.S. sorghum exports to the third highest level on record, and new-crop corn sales are at a record.
Record export pace tightens U.S. corn and sorghum supplies, supporting domestic feed grain prices. Smaller Brazilian second-crop and Argentine harvests reinforce demand for U.S. product.
fas.usda.govJun 16, 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.
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.
