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US seaborne coarse grain exports hit a record 9.2 million tonnes in March and 21.3 million tonnes in Q1 2021, up 120% year on year. Asia took 68% of the total, and exports to China rose nearly tenfold from Q1 2020 as China became the largest buyer.
Strong Chinese demand for US corn is tightening export supplies and lengthening ton-mile voyages, which supports US corn prices and ocean freight rates.
maritimeprofessional.comMarineLinkMay 5, 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.
