Loading…
After 3,207 past report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, SOY moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, WHEAT moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
After 1,283 past report events, SBM moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), 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.
The June 30, 2016 Acreage report showed corn plantings near 94.1 million acres, well above March intentions, and quarterly stocks were ample; that supply-side surprise, together with benign summer weather, fell inside the 5-day window and plausibly drove the sharp price decline.
The June 30 USDA Acreage report showed soybean plantings well above March intentions (about 83.7M acres), and quarterly stocks were also reported, which raised expected supply; combined with favorable early-July weather forecasts, this pressured prices over the following week's window ending July 8.
The June 30, 2016 USDA Acreage report showed soybean plantings above trade expectations, and quarterly stocks were also ample; together they signaled larger US supply and fell within the 5-day window, plausibly pressuring soybeans and meal alongside favorable early-July weather.
The June 30 USDA Acreage report showed soybean plantings well above March intentions (about 83.7M acres), and quarterly stocks were also reported, which raised expected supply; combined with favorable early-July weather forecasts, this pressured prices over the following week's window ending July 8.
The June 30, 2016 USDA Acreage report showed soybean plantings above trade expectations, and quarterly stocks were also ample; together they signaled larger US supply and fell within the 5-day window, plausibly pressuring soybeans and meal alongside favorable early-July weather.
The June 30 USDA Acreage and Grain Stocks report falls inside the 5-day window and is historically one of the most volatile report days, so a bearish surprise on acreage or stocks could plausibly have added to the wheat selloff, though the report's actual figures are not given.
