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US corn and soybean futures stabilized after a steep Monday selloff tied to coronavirus fears outside China. Wheat fell to fresh lows on technical selling and ample global supplies.
Muted Chinese purchases of US soybeans under the Phase 1 deal weighed on prices.
Persistent weak Chinese import demand and ample wheat supplies keep grain prices under pressure despite short-term rebounds.
financialpost.comReutersFeb 25, 2020After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 69 past disease events, Soybeans moved a median +0.3% over 5 sessions (57% higher; middle half -1.7% to +1.9%), and +0.1% over 20.
After 14 past disease events, Wheat (SRW) moved a median -0.3% over 5 sessions (29% higher; middle half -0.7% to +0.5%), and -0.8% 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.
