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Monthly World Agricultural Supply and Demand Estimates, 12:00 ET. Updates US and world balance sheets and season-average price projections.
Surprises: US wheat ending stocks 914 mil bu vs prior 1,159 (-21.1%, bullish); US corn exports 1,875 mil bu vs prior 2,225 (-15.7%, bearish); World corn ending stocks 195.27 mmt vs prior 222.98 (-12.4%, bullish); US corn ending stocks 2,110 mil bu vs prior 2,320 (-9.1%, bullish); US soybean ending stocks 480 mil bu vs prior 445 (+7.9%, bearish); US soybean exports 2,150 mil bu vs prior 2,025 (+6.2%, bullish); US soybean meal exports 12,400 k st vs prior 11,900 (+4.2%, bullish); US soybean season-avg farm price 9.3 $/bu vs prior 9.55 (-2.6%, 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.
