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USDA's 10-year baseline projects corn, soybean, wheat and upland cotton prices to decline from 2021/22 peaks toward pre-pandemic levels. Production is expected to rise on higher yields, and exports are projected to increase.
The projected decline in prices and rising supplies signal lower feed grain costs over the coming decade, though the outlook assumes normal weather and policy.
ers.usda.govFeb 7, 2022ers.usda.govFeb 7, 2022After 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.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), 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.
