Grain Contraction Just One of Several Potential Concerning Headwinds

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.

• Mar 15, 2024Smaller Dry Bulk Vessel Classes Continue to Benefit From Robust Coarse Grain Trade — Breakwave Advisors+2.6%
• Feb 1, 2017World stockfeed production eclipses one billion tonnes for first time - Grain Central-0.1%
• May 14, 2018Market Trends Commentary for May-June 2018 - Grain Farmers of Ontario+1.7%
• May 5, 2021Prices higher, corn continues tight: IGC - Grain Central+1.4%
• Jun 18, 2018Market Trends Commentary for June-July 2018 - Grain Farmers of Ontario-0.9%

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

• Jul 14, 2020Global wheat production on the decline - Grain Central+0.4%
• Jul 21, 2017Poor seasonal conditions drop Australian wheat production | World-grain.com | July 21, 2017 15:25 | World Grain-2.7%
• Sep 10, 2019National crop outlook varies as eastern dry grinds on: ABARES - Grain Central+2.6%
• Mar 4, 2019Upside to cereal prices; oilseeds hold steady: ABARES - Grain Central+0.7%
• Aug 17, 2021USDA slashes global wheat production - Grain Central+0.1%

Not enough comparable past events yet for a historical read.