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DTN analysis shows US corn stocks of 1.267 billion bushels are the lowest since 2013, with a stocks-to-use ratio of 9.1%. Soybean and wheat stocks-to-use ratios of 5.2% and 29.9% are also well below their 2000-2023 averages.
Historically low stocks-to-use ratios signal tight supplies that support higher prices for feed grains and oilseeds. Expectations of larger 2023/24 stocks could ease this if acreage and yields recover.
dtnpf.comJoel KarlinFeb 16, 2023After 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 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
