Loading…
DTN reports FOB corn prices rose in Brazil and New Orleans in early March, with Brazil's closing price at $4.55 per bushel, its highest in 11 months. The gains followed drought in Argentina, with 76% of its corn in poor-to-very-poor condition, and flooding that disrupted barge loading on the Illinois and Ohio rivers.
Argentine drought and river disruptions tighten export supply and raise corn export costs, pushing feed corn prices higher for importers.
dtnpf.comTodd HultmanMar 2, 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.
