Loading…

USDA's December WASDE raised U.S. corn exports to a record level, with the sharp rise in shipments tied to strong delayed export sales and weekly inspection data. Corn ending stocks fell to 2.029 billion bushels, still above 2 billion, while wheat and soybean balance sheets were not changed.
Strong export demand reduces corn supplies and supports prices, but still-large stocks limit the upside for feed buyers.
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.
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.