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Corn prices have risen 16% so far in April, the largest monthly gain since May 2019, and are up 43.7% year to date. Strong Chinese demand tied to African swine fever herd losses, plus poor weather in South America and the U.S. Midwest, drive the rally.
Corn is a major feed input, so continued gains raise livestock and meat production costs for feed buyers.
axios.comDion RabouinApr 28, 2021Not 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.
