Loading…
The IGC raised its 2018/19 global corn production forecast by 3 million tonnes to 1,076 million tonnes and lifted global maize trade by 1 million tonnes to 160 million. US corn exports fell 20.8% in the week, and March Chicago corn futures stayed near $149 per tonne.
Ukrainian port prices rose slightly on seasonal reduced supply.
A larger global crop and slow US export pace keep pressure on corn prices, though seasonal Ukrainian supply tightening and logistics issues give limited support.
graintrade.com.uaJan 29, 2019After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
