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Argentina's corn crop is deteriorating with little rain forecast, and up to 58% reported in poor condition. The Rosario Grain Exchange cut its corn estimate to 35 MMT versus USDA's 39 MMT.
Brazil's corn exports and EU purchases are rising as supplies tighten.
A drought-cut Argentine corn crop and strong Brazilian export demand tighten world corn supplies, supporting corn and feed prices.
grains.orgFeb 22, 2018grains.orgFeb 22, 2018grains.orgFeb 22, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
