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Corn prices reached a seven-year high after China bought 5.85 million tonnes of US corn in four days. Lysine prices rose 4.6% globally in the same week as producers stocked up in anticipation of tighter supply.
Large Chinese purchases draw US corn offshore and tighten domestic supply, supporting corn prices and feed input costs. Higher corn costs also push up lysine, a key feed amino acid.
benisonmedia.comAshwani VermaFeb 4, 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.
