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Brazilian corn exports have exceeded 52 million tonnes and remain strong for December, with January still open. Consumers are building stocks after low prices in the second half of the year.
Planting concerns in Bahia and Matopiba, plus weather risks for January and February, add to supply uncertainty.
Strong exports and consumer restocking reduce domestic supply and support corn prices. Planting risks for the 2024 crop could add upward pressure.
ukragroconsult.comDec 15, 2023After 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.
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.
