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The European Commission raised the automatic import duty on maize, sorghum and rye from €5.27 to €10.40 per tonne. The increase follows low maize prices and abundant world supply, with the US cif Rotterdam price at €146.63 per tonne.
A higher duty makes US and other third-country maize and sorghum less competitive in the EU, which weighs on US export demand and prices for these feed grains.
world-grain.comHolly Demaree-SaddlerMay 7, 2020After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
