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Argentina's harvest of its largest corn crop on record is underway. Argentine, Brazilian and U.S. exporters are expected to compete hard for August export sales.
Heavy competition among the top three corn suppliers adds downward pressure on international corn prices, favoring cheaper feed corn for buyers.
reuters.comHugh BronsteinJun 5, 2017After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
