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Maize prices fell in December on concerns about the world economy and weaker wheat prices. Traders are also watching Black Sea shipments and China's COVID situation.
The December WASDE raised US stocks by 2 million tonnes to 32 million and cut global production by 7 million tonnes.
Lower maize prices reduce feed grain costs, though the global production cut limits the downside. Weak Chinese demand expectations are a key risk to export demand.
world-grain.comChris LyddonDec 19, 2022Not 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.
