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Reuters reported China's corn crop may fall up to 10 million tonnes, nearly 4%, after typhoons flattened crops in the northeast, pushing Chinese corn futures to a record high. Demand from a recovering meat sector is adding to feed-sector shortage concerns.
A large Chinese crop shortfall and rising demand will increase China's corn and feed imports, supporting global corn and feed grain prices.
farmpolicynews.illinois.eduKeith GoodSep 16, 2020After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
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.
