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Weekly USDA data show US crop progress as of November 7, with corn harvested at 84% and soybeans at 87%. Winter wheat planting was at 91% and export inspections for the week ending November 4 were 563,163 tonnes of corn and 0 tonnes of barley.
Crop condition ratings for winter wheat were little changed.
Harvest progress is near completion and export inspections are slowing, which points to a neutral to softer near-term outlook for US corn export demand.
feedlotmagazine.comSource Jack ScovilleNov 9, 2021After 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, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 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.
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.
