AJOT Newsroom
| October 22, 2020
| International Trade | Commodity
Corn
- Global corn FOB prices rallied. South American corn exports were lackluster in October as a result of the currency crisis (Argentina) and strong domestic feed demand (Brazil). Ukraine loadings are slow to ramp up as domestic prices surged with exporters short covering.
- Massive US bean exports led to a significantly higher port capacity utilization in the PNW – causing the shift of US corn exports to the Gulf.
