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US grain and oilseed markets rose during the week, with corn up about USD 5-6/t, soybeans up USD 8-10/t, soymeal up USD 10/t and wheat up about USD 5/t. Strong export sales and good soymeal demand drove the gains, while harvest pressure and wet weather were noted.
Strong export demand for soymeal and soybeans, plus Brazil's advance sales running ahead of last year, support higher feed protein prices, though heavy harvest flow limits upside.
hoanduong.comWayne S.BaconOct 6, 2018After 729 past bullish trade events, CORN moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, SBM moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 431 past bullish trade events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), 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.
