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The U.S. Grains Council held 21 meetings with buyers and cattle feeders in Alberta, representing about one million head, promoting U.S. corn and DDGS. Drought on the Canadian prairie has cut harvest yields and pushed yearling cattle into feedlots earlier.
Buyers are seeking a reliable supply of U.S. feed grains.
Lower Canadian feed grain supplies raise import demand for U.S. corn and DDGS, which supports US export prices. Competition from other feed ingredients still limits how much this demand can lift values.
grains.orgSep 27, 2018After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
