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The abstract of a 2024 agricultural commodities analysis projects global grain and oilseed production in 2024-25 at 1% above 2023-24. Higher output is expected for wheat in Canada, Argentina, Australia and the US, and for rice and soybeans, while corn production is expected to decline.
A slightly larger global supply, with lower corn output, points to a mildly bearish outlook for grains overall and a modest rise in soybean availability. The effect on feed prices is limited.
search.informit.orgDayal, Kavina, Miller, MatthewSep 1, 2024After 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.
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 87 past bearish report events, Rough Rice moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% 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.
