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A U.S. Grains Council roundup reports Argentine corn prices fell 16 percent as low Parana River levels hindered logistics. Brazil's safrinha corn forecasts were cut after weak rains and frost in Parana, and Canada and the EU revised their corn and barley balances.
Brazilian crop cuts and river constraints tighten export availability, which supports corn prices even as Argentine logistics weigh on local values.
grains.orgMay 7, 2020Not 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.
