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March corn futures have traded between $3.70 and $3.85 since the government shutdown began. The analysis argues a US-China trade resolution would lift corn prices, as China's 25 percent extra tariff on US corn could be removed and Chinese stocks are approaching normal levels.
Removal of Chinese tariffs on US corn would open export demand for a crop currently priced at the world's lowest export level, supporting corn price upside.
proag.comJan 23, 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.
