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Panjiva trade data shows ADM and Scoular corn shipments fell sharply in the second quarter, with Scoular's Mexican imports down 51.8% and ADM's down 48.9%. Exports to China fell due to tariffs, and demand from Mexico dropped 15.9% overall.
S&P Global Platts also reports the US corn harvest may be delayed two to four weeks by late planting.
Lower export demand from China and Mexico weighs on US corn prices, while a delayed harvest pushes available export supply into September. Reduced exporter activity suggests softer near-term corn demand.
panjiva.comChris RogersAug 5, 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.
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.
