Loading…
StoneX published an Argentina crop progress and condition update dated 7 October 2021. It covers the status of Argentine summer crops during the current season.
Crop condition ratings guide expectations for Argentine corn and soybean output, which feeds into meal and grain pricing.
stonex.comLacey HollandOct 7, 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.
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.
