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A CoBank dairy economist says the latest USDA supply and demand numbers were weaker than expected and point to tighter US feed supplies. Attention is also on Brazil's second corn crop, where weather concerns could further lift US feed prices.
Tighter US feed grain supplies and possible Brazilian crop shortfalls support higher corn and feed costs for livestock and dairy buyers.
brownfieldagnews.comNicole HeslipApr 12, 2021After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
