Loading…
China returned to buying large volumes of U.S. corn in 2020 after Phase One deal tariff exclusions took effect. China drew down its reserves, making it the largest buyer of U.S. corn for the 2020/21 marketing year and the third-largest market for U.S. grains overall.
Strong Chinese corn demand tightens U.S. supplies and supports corn prices heading into the new crop year.
grains.orgFeb 24, 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.
