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Some U.S. ethanol makers are reportedly considering buying Brazilian corn to secure supply as U.S. corn fetches five-month highs, up more than 25% since May. Transport disruptions on waterways after rains are also making some U.S. corn hard to move to ethanol plants.
Import interest from U.S. ethanol makers would add demand for Brazilian corn and could narrow the spread with U.S. prices, while flood-related transport issues underline logistical support for U.S. cash corn.
biocircularnews.comEditorJun 19, 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.
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.
