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Brazil will require ethanol importers to hold reserve stocks equal to 8% of prior-year sales, matching domestic suppliers, after ruling out tariffs on U.S. ethanol. China's state corn reserve auctions are pushing Dalian corn prices lower, and Chinese subsidies are shifting toward soybeans.
European forecasts cut German maize and EU barley output.
Chinese reserve sales pressure corn prices, and the shift in Chinese subsidies favors soybean planting, while lower European barley and maize output provides some offset.
grains.orgMay 18, 2017grains.orgMay 18, 2017grains.orgMay 18, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
