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China's corn stocks are shrinking steadily from a previously large level. African swine fever is expected to reduce feed demand from livestock, while the ethanol sector could become a buyer if weather cuts Chinese production this year.
Lower Chinese stocks and possible import demand could support U.S. corn exports if a trade deal is reached, but reduced hog feeding from ASF offsets part of that potential demand.
farmprogress.comBryce KnorrApr 23, 2019After 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.
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.
