Loading…
Monthly World Agricultural Supply and Demand Estimates, 12:00 ET. Updates US and world balance sheets and season-average price projections.
Surprises: US soybean ending stocks 395 mil bu vs prior 365 (+8.2%, bearish); World soybean ending stocks 77.36 mmt vs prior 72.17 (+7.2%, bearish); US wheat ending stocks 1,138 mil bu vs prior 1,100 (+3.5%, bearish); US corn ending stocks 2,320 mil bu vs prior 2,384 (-2.7%, bullish); US wheat exports 975 mil bu vs prior 950 (+2.6%, bullish); US corn exports 2,225 mil bu vs prior 2,175 (+2.3%, bullish); US corn season-avg farm price 3.25 $/bu vs prior 3.2 (+1.6%, bullish); US soybean exports 2,025 mil bu vs prior 1,985 (+2.0%, bullish).
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.
