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U.S. maize futures rose in recent weeks as a lower dollar, the U.S.-China trade agreement and firmer international demand supported prices. Speculative short covering further lifted CBOT values, according to the IGC and CEPM.
A weaker dollar and improved export competitiveness support U.S. corn prices and feed grain costs for buyers.
world-grain.comJan 24, 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.
After 39 past bearish trade events, US Dollar (Broad) moved a median -0.4% over 5 sessions (26% higher; middle half -1.1% to +0.0%), and -0.8% 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.
