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Argentine farmers are selling maize ahead of a new government in December, with about 50 MMT or 76% of the 2018/19 crop booked. China corn futures rose on weather and demand, and the EU crop monitor cut its maize yield forecast.
Argentine selling pressure and EU yield cuts shape export availability, while Chinese hog-driven feed demand supports global corn values.
grains.orgOct 31, 2019grains.orgOct 31, 2019grains.orgOct 31, 2019Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
