Corn
a.k.a. Maize
One of the world's most traded farm commodities, used for food, animal feed and biofuel.
In plain English
One of the world's most traded farm commodities, used for food, animal feed and biofuel.
Corn futures trade heavily in Chicago. Prices swing with weather, harvest reports, demand for ethanol and trade policy.
For forex, crop prices matter most to big agricultural exporters, and rising food prices feed into inflation everywhere.
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