
USDA export inspections for the week ending July 14 showed corn at 42.3 million bushels, near the top of trade estimates, with China the top destination. Sorghum fell to 4.4 million bushels and soybeans were rangebound at 13.3 million, while wheat inspections were lackluster.
Strong corn export pace supports corn demand, while weak wheat shipments point to soft US wheat demand.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.