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Chinese spot corn prices have surged past 2,600 CNY/ton, a four-year high, after typhoons damaged northeast new-season corn and slowed harvesting. Lysine and threonine producers including Wanli Runda, Yipin Bio and Fufeng raised quotations by about 0.1-0.2 yuan/kg in the days around October 20-21.
Higher corn costs push up feed-amino acid prices and tighten domestic feed input margins, supporting corn and lysine pricing in China.
echemi.comOct 22, 2020After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
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.
