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Argentina's grain inspectors planned a 36-hour strike over wage talks, and Brazil's Conab forecast 2020/21 corn output at 112.9 MMT versus 102.1 MMT a year earlier. Brazil's corn export pace slowed in August but remained a record, and the government waived the import tariff to temper inflation.
A larger Brazilian corn crop and export flow ease global corn supply, while Argentine port strikes can delay shipments and support nearby prices.
grains.orgAug 27, 2020grains.orgAug 27, 2020Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
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.
