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South Korea's KFA plans an auction for 130,000 tons of corn for July or August delivery. China plans to cut corn stocks and expand corn processing, and Bangladesh's wheat imports are forecast to rise 21 percent, while China's soybean imports reached 6.33 million tons in March.
Korean corn tender and strong Chinese soybean imports support export demand, while China's stock reduction plans could limit future corn import needs.
grainsprices.comGate.BGApr 20, 2017After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
