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Agbiz's Wandile Sihlobo reports that the IGC placed 2021/22 global grains and oilseeds production at 2.29 billion tonnes, up 4%. Global stocks are forecast at 599 million tonnes, roughly unchanged from last season, as feed and industrial demand rise.
Tight stocks despite a production recovery leave markets volatile and sensitive to any supply shock, supporting grain and oilseed prices.
ofm.co.zaOFM News DeskSep 28, 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.
