Chicago corn futures rose to their highest level in 6.5 years after Argentina announced it would halt corn export sales because dry weather threatens its harvest. The most active CBOT corn contract gained about 1.1% to $4.81 a bushel and rose 23.5% over 2020.
The Argentine agriculture ministry said exports would stop until February 28 to secure local food supplies.
An export halt from a major supplier tightens global corn trade at a time of weather risk in South America. Feed buyers should expect firmer corn prices and higher costs for imported supplies.
Setelah 318 peristiwa kebijakan bullish sebelumnya, Jagung bergerak median -0,1% selama 5 sesi (48% lebih tinggi; separuh tengah -1,4% sampai +1,5%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.