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Improving U.S. Corn Belt weather lowered maize prices in August, and December corn futures lost about 40 cents from late July. Brazilian farmers in Mato Grosso are storing corn in open-air piles because storage capacity is short of record production.
Ample Brazilian supply and lower CBOT prices pressure export values and add competition for U.S. corn later in the marketing year, supporting bearish corn prices for feed buyers.
world-grain.comChris LyddonSep 12, 2017Not 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.
