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Grain futures held steady after a Monday selloff triggered by escalating rhetoric in the US-China trade standoff. The slow pace of harvest and winter wheat seeding provided some support heading into the holiday.
Broad risk-off sentiment across markets and renewed trade war concerns pressure grain demand expectations, while slow harvest progress offers modest price support.
farmprogress.comNov 20, 2018After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral trade events, SOY moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 206 past neutral trade events, WHEAT moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
