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The Nebraska Corn Board hosted trade missions of corn buyers from Mexico and Saudi Arabia, who met farmers, suppliers and exporters. The visits were coordinated with the U.S. Grains Council to show the U.S. white corn supply chain.
The visits support relationships with major corn importers but add no new volume or price signal. Any impact on prices is minimal.
hpj.comHPJ StaffNov 4, 2018After 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.
