Loading…
Corn prices have rallied in 2021, with China buying unprecedented amounts of U.S. corn. Analysts compare the fundamentals to the ethanol-driven price boom of the early 2000s.
Large Chinese purchases draw down U.S. stocks and support corn prices, raising feed costs for livestock buyers.
iowafarmbureau.comTom BlockApr 26, 2021After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
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.
Record Chinese purchases of US corn are a demand and trade-flow driver supporting the rally.
