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Corn prices in Chicago fell 2.4 dollars per tonne in the week to November 15 as harvest pressure weighed on U.S. values. The report notes that U.S.-China talks are stalled, with China refusing to commit to $50 billion in farm purchases and tariffs still in place.
Stalled trade talks and weak U.S. export competitiveness versus Brazil keep global corn demand for U.S. origin subdued, pressuring feed grain prices.
maizeurop.comCEPMNov 21, 2019After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
