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CBOT grains closed mixed on March 8, 2018, with corn rising about 1.6% after USDA cut US corn ending stocks in its monthly report. Soybeans fell after USDA projected larger-than-expected soybean ending stocks due partly to lower exports.
Conab raised Brazil's soybean crop estimate by 1.5 million tons and trimmed its corn estimate to 87.3 million tons.
A smaller US corn stocks figure supports corn prices and raises feed grain costs. Larger soybean stocks and a bigger Brazilian soybean crop add supply pressure on soybean and meal prices.
en.chinagate.cnMar 9, 2018After 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 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
