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CZ app reports Chicago corn finished the week up 0.8% after strong export numbers, while Brazilian corn rallied a record 7.4%. Iowa corn condition fell 10% week-on-week after derecho damage, but the market fell after the release as losses were smaller than feared.
Strong export inspections and Brazilian gains support international corn prices, while the smaller-than-expected Iowa damage limits US upside. Net effect is mildly supportive for feed corn costs.
czapp.comJames BrittainAug 27, 2020Not 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.
