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Nutrien's 2023 outlook says Ukrainian crop output and exports remain constrained by the war, and global grain stocks-to-use is the lowest in over 25 years. It expects US corn plantings to rise to 91-93 million acres and Brazilian soy and corn acreage to grow.
Expected acreage growth in the US and Brazil supports larger grain supply later, while tight global stocks keep grain and input demand firm.
news.agropages.comMar 22, 2023After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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 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.
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.
