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 795 mil bu vs prior 1,045 (-23.9%, bullish); US corn ending stocks 2,010 mil bu vs prior 1,675 (+20.0%, bearish); World soybean ending stocks 104.53 mmt vs prior 112.66 (-7.2%, bullish); US wheat ending stocks 1,000 mil bu vs prior 1,072 (-6.7%, bullish); US wheat exports 950 mil bu vs prior 900 (+5.6%, bullish); US soybean exports 1,875 mil bu vs prior 1,950 (-3.8%, bearish); US corn season-avg farm price 3.7 $/bu vs prior 3.8 (-2.6%, bearish); World corn ending stocks 298.92 mmt vs prior 290.52 (+2.9%, 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.
