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Weekly USDA export inspections for the week ending October 26 show corn at 531,516 tons, soybeans at 1.89 million tons and wheat at 189,842 tons, with sorghum at 65,568 tons. Market-year-to-date sorghum inspections reached 450,424 tons versus 213,269 a year earlier.
Strong sorghum and corn export pace supports cash prices, and the heavy soybean and corn flows reflect solid foreign demand for US feed grains.
feedlotmagazine.comSource Jack ScovilleOct 30, 2023Not enough comparable past events yet for a historical read.
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.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
