USDA's Foreign Agricultural Service reported private exporter sales of 132,000 metric tons of soybeans to China and 125,300 metric tons of corn to Mexico for the 2021/22 marketing year. The announcement was issued August 24, 2021.
New-crop sales to China and Mexico add to US export demand and support soybean and corn prices.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.