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Pro Farmer's morning digest reported a USDA daily export sale of 132,000 MT of soybeans to China for 2021-22 and noted that corn and soybeans were slightly higher ahead of USDA reports. It also flagged ADM's expected resumption of Louisiana export loadings and a Russian wheat export tax hike.
Fresh Chinese buying supports U.S. soybean demand, while Gulf terminal recovery and the Russian tax change bear on export competition and feed grain prices.
profarmer.comJim WiesemeyerSep 10, 2021After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
