Loading…
Monthly World Agricultural Supply and Demand Estimates, 12:00 ET. Updates US and world balance sheets and season-average price projections.
Surprises: US corn ending stocks 2,409 mil bu vs prior 2,081 (+15.8%, bearish); US soybean ending stocks 330 mil bu vs prior 290 (+13.8%, bearish); US corn season-avg farm price 3.15 $/bu vs prior 3.4 (-7.4%, bearish); US soybean meal price 325 $/st vs prior 345 (-5.8%, bearish); World soybean ending stocks 71.24 mmt vs prior 67.1 (+6.2%, bearish); US corn exports 2,175 mil bu vs prior 2,050 (+6.1%, bullish); World corn ending stocks 220.81 mmt vs prior 208.39 (+6.0%, bearish); US soybean season-avg farm price 9.1 $/bu vs prior 9.5 (-4.2%, bearish); US…
USDA WAOBAfter 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), and -0.2% over 20.
After 686 past report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.
