SunSirs data shows China's domestic corn prices stopped declining and edged up in late October, though the monthly change was a 1.42% decline, from 2,205.71 yuan/tonne on October 1 to 2,174.29 yuan/tonne on October 30. Ample supply from northeastern harvest and weak feed demand kept prices low, and the analyst expects prices to stay range-bound through November.
Abundant domestic Chinese corn and weak feed demand, including lower hog and egg prices, limit import demand for US and other corn. The expected sideways trend points to little upward pressure on feed corn prices.
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.