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The AHDB weekly arable report says global feed grain supplies look well covered, partly due to maize, with large US and Brazilian crops forecast. Chicago maize and wheat fell over 18-25 August, while US crop condition was 56% good/excellent as of 27 August.
Ample forecast feed grain supplies from the US and Brazil weigh on feed wheat and barley values, though US weather keeps some support in the market.
ahdb.org.ukAug 29, 2023After 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.
Not enough comparable past events yet for a historical read.
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.
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.
