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The U.S. Grains Council launched its first commercial mission to East Africa to promote US sorghum and DDGS. The region has an annual corn deficit of about 2 million tonnes, worsened by drought, and feed producers are paying up to $375 per tonne for corn.
High regional feed prices and corn deficits create demand opportunities for US sorghum and DDGS as lower-cost substitutes. Sustained export sales could support those prices.
farmprogress.comSep 30, 2019After 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.
Not 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.
