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The U.S. Grains Council market report summarizes country news, including Argentina cutting its 2017/18 corn estimate to 39.5 MMT on poor yields and Brazil's winter corn crop forecast 12.5% lower than last year. It also notes India may need to import corn despite a record harvest.
Lower South American corn output tightens export supplies and supports corn prices, while Indian import needs add demand for feed grains.
grains.orgMar 29, 2018grains.orgMar 29, 2018grains.orgMar 29, 2018Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
