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A farm column argues that corn bulls are pointing to strong US demand and Argentine weather problems, with Argentine crop ratings reportedly very poor. The author says USDA forecasts for Argentina and Brazil corn may be too high and cites Chinese logistics issues boosting import demand.
If Argentine and Brazilian corn output falls short of USDA forecasts, import demand shifts to US corn and firmer export prices would raise feed costs.
farmprogress.comKevin Van TrumpFeb 17, 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.
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.
