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USDA's latest forecast puts 2021/22 global grain exports at 507.5 million tons, down 1.5 million from a month earlier but up 5% year on year. Coarse grain exports are seen at 253.2 million tons, wheat at 204.4 million tons and soymeal at 69.9 million tons.
Slightly lower export volumes are a modest tightening signal for feed grains and soymeal, though year-on-year growth remains strong. Robust seaborne trade supports ocean freight demand.
breakwaveadvisors.comCommodore Research, ConsultancyJan 20, 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 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
