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USDA's September 12 WASDE put 2022/23 U.S. corn production at 13.9 billion bushels and cut ending stocks, while soybean production fell to 4.378 billion bushels. Several figures differed from Reuters-polled market expectations, including soybean ending stocks 47 million bushels below forecasts.
Lower U.S. corn and soybean supplies and tighter ending stocks support feed grain and soymeal prices, with the soybean shortfall versus expectations adding upward pressure.
grainpricenews.comMike VerdinSep 12, 2022
1230kfjb.comAshley AndersonSep 13, 2022
theseam.comSep 12, 2022After 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.
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 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.
Not enough comparable past events yet for a historical read.
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.
