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Weekly grain review says corn ended the week higher while soybeans and wheat fell. Soybeans dropped toward fall lows as US-China trade talks stalled, and corn hit new contract lows overnight amid a tough market.
Stalled China trade talks weigh on soybean demand and meal prices, while China's shrinking corn stocks and possible ethanol demand offer some support for corn feed prices.
farmprogress.comNational Hog Farmer StaffApr 26, 2019After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
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.
