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Price Group's December 5, 2024 grains report lists CME delivery intentions for soybean meal and wheat, along with US October grain export data. October wheat exports were 52.8 million bushels versus 90.2 million in September, and corn exports were 159.4 million bushels versus 168.4 million.
Sharply lower US wheat and corn export volumes from September to October indicate softer export demand, which weighs on prices for feed grains.
blog.pricegroup.comJack ScovilleDec 5, 2024After 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.
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.
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.
