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Weekly US export sales for the week ended Dec. 19 show corn at 1,711 thousand tonnes and soybeans at 978 thousand, with wheat at 612 thousand.
Grain markets closed higher on thin selling interest, with good US growing conditions and beneficial Plains and Midwest rains noted.
Solid export commitments for corn and soybeans support prices, but favorable US crop conditions and steady wheat demand limit upside.
blog.pricegroup.comJack ScovilleDec 27, 2024After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
