Loading…
ABARES reports that adverse 2022 global production conditions, including persistent drought and heat, have cut world grain output, especially rice and coarse grains. Global grain and oilseed production is now expected to fall below the September forecast.
Lower global supplies of coarse grains and oilseeds tighten the export pool for feed buyers and support prices for corn, sorghum, barley and meal.
search.informit.orgContributors: Matthew Miller, Katia TaylorDec 1, 2022After 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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
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.
