
Feed corn export prices have declined since the start of the week. Danube port CPT prices stood at $140-148/t on November 12, down about $2/t, while Greater Odesa ports fell $2-5/t to $120-130/t.
USDA raised world ending corn stocks to 281.94 million tonnes and cut Ukraine's export potential by 2 million tonnes to 20 million.
Heavier competition from Argentina and Brazil, plus weak domestic demand and logistics problems, keep pressure on corn prices, which reportedly sit at a two-year low. For feed buyers this points to cheap Black Sea corn supply, though port disruption limits how much of it can ship.
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.