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Private exporters reported several US soybean sales in October, including 9.7 million bushels to China and 8.9 million bushels to unknown destinations. Earlier reports showed corn sales to Mexico and soybean sales to China and Taiwan for the 2022/23 marketing year.
Continued flash sales to China support US soybean export demand and near-term prices, though the routine nature of the reports limits their individual impact.
bigriverbids.comOct 13, 2022After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 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.
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.
