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Euronext-style front-date corn prices rose again to 183.00 EUR per tonne on August 31, 2018. The move was attributed to the US-Mexico trade agreement under NAFTA.
A firmer European corn price tied to improved US export prospects to Mexico supports feed grain costs for European buyers.
zmp.deAug 31, 2018After 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.
After 23 past trade events, Euro (USD per EUR) moved a median -0.4% over 5 sessions (43% higher; middle half -0.9% to +0.7%), and +0.5% 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.
