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Argentina raised its 2018/19 corn production estimate by 0.5 MMT to 41.5 MMT on expanded planting. Argentine transporters called a strike for higher tariffs, and farm groups are protesting government grain export taxes.
In Canada, feed barley prices are falling under harvest pressure and competition from U.S. corn.
A larger Argentine corn crop adds export supply, while the pending strike threatens port shipments and could weigh on feed barley and corn prices.
grains.orgOct 25, 2018grains.orgOct 25, 2018grains.orgOct 25, 2018Not enough comparable past events yet for a historical read.
After 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.
Not enough comparable past events yet for a historical read.
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.
