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USDA projects 2.225 billion bushels of US corn exports for the marketing year, and recent export inspections and sales are strong. Lower Brazilian and Argentine corn output could cut supply by 125 million bushels.
Ongoing NAFTA and China trade talks add uncertainty.
Strong export pace and possible South American shortfalls support corn prices, while unresolved trade talks create downside risk.
agupdate.comJun 11, 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.
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.
