Loading…
The virtual JCI conference in China focused on U.S. corn production, supply and demand, with discussion of acreage expectations and how lower oil prices and a stall in livestock processing could affect spring planting. A U.S. Grains Council manager said China is poised to be one of the largest U.S. corn buyers this year.
Expectations of strong Chinese corn buying support U.S. corn export demand, though the event itself is an industry briefing without a new policy or purchase.
grains.orgMay 21, 2020After 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.
