Cuts to US and global corn and soy inventory forecasts

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.

• Oct 12, 2023USDA Further Trims Its Forecasts for US Corn and Soybeans-0.4%
• Oct 17, 2024USDA forecasts rise in corn and sorghum exports amid global shortages | Feed & Grain+2.1%
• Sep 11, 2020USDA Lowers Corn and Soybean Forecasts | AgWired+4.5%
• Apr 16, 2024USDA revises corn and sorghum forecasts for 2023/24 | Feed & Grain-0.3%
• Feb 24, 2022USDA cuts corn, raises soy and wheat acreage for 2022+6.5%

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

• Oct 12, 2023USDA Further Trims Its Forecasts for US Corn and Soybeans+4.7%
• Sep 11, 2020USDA Lowers Corn and Soybean Forecasts | AgWired+4.4%
• Feb 9, 2022USDA cuts global ending stocks for beans, wheat, cotton and corn - Pro Farmer-1.1%
• May 6, 2021USDA forecasts drop in Argentine soyabean output and exports+5.0%
• Nov 6, 2017USDA forecast puts soybeans in uncharted territory - Manitoba Co-operator+0.0%