Loading…
Purdue agricultural economists held a June webinar after USDA released its June Crop Production and WASDE reports. The discussion covered corn and soybean export prospects, ethanol demand, ending stock estimates, basis and farm income projections.
Revisions to ending stocks and export expectations shape the corn and soybean price outlook that feed buyers use for procurement timing. The commentary adds interpretation but no new supply shock.
ag.purdue.eduSarah E ZahnJun 13, 2022After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
