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Itau BBA expects limited corn availability until the 2021/22 off-season while global corn production is likely to meet demand for the first time in four years. It projects Brazilian corn ethanol output rising 32.5% but total ethanol output falling to 27.9 billion liters from 30.4 billion.
A forecast of more balanced global corn supply suggests prices stabilize at lower levels, reducing feed grain cost pressure over time.
williams.com.brDjurdjica dos SantosJun 30, 2021After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
