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The USDA projects fiscal 2023 US agricultural exports at $193.5 billion, down from a record $196 billion for 2022. Lower forecast exports of sorghum, wheat and corn are partly offset by higher soybean exports.
Lower projected US grain and sorghum exports point to more supply domestically for feed use, while a record soybean export outlook supports soybean and meal demand.
fastmarkets.comJocelyn GarciaSep 2, 2022Not enough comparable past events yet for a historical read.
After 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.
After 747 past bullish report events, SOY 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.
