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Zimbabwe's agriculture minister announced that the Grain Marketing Board will buy sorghum, millet and maize at US$390 per metric tonne. The country planted over two million hectares of grains, and output is expected to exceed 2.2 million tonnes.
A fixed state buying price sets a floor for local grain values and may draw supply into official channels, with limited effect on world prices.
cfuzim.orgPost author Written by ...Apr 3, 2017Not enough comparable past events yet for a historical read.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
