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S&P Global estimates US corn output for 2022-23 at 13.94 billion bushels, 8% lower year on year, after drought. EU corn production is seen down more than 18% at 59.57 million mt, and the war in Ukraine could remove about 25 million mt from trade.
Brazil may deliver a record crop, but global corn exports have slowed on higher prices and weaker Chinese demand.
Multiple supply losses in the top exporters mean global corn stocks will stay tight, and prices will depend on Brazil's crop, supporting corn-based feed costs.
spglobal.com2022年9月30日在过去 1,465 次看涨的天气事件之后，玉米 在 5 个交易日内中位数变动 +0.2%（54% 上涨；中间一半区间为 -1.4% 至 +1.9%），20 个交易日内为 +0.9%。
历史可比事件尚不足，暂无法给出历史解读。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
