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Russia recorded its largest monthly corn exports ever in November 2016, at 860,000 tonnes, up 83% year on year. Exports from September to November rose 59%, with growing demand from Japan and Southeast Asia.
Record Russian corn shipments add competitive supply to world markets, a bearish factor for corn export prices.
world-grain.comArvin DonleyJan 11, 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.
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.
