Loading…
The AHDB market report says the August USDA WASDE cut global wheat production by 15.5Mt, including Russia, Canada and the US, and cut US maize production by 10.5Mt. Chicago wheat and maize and Paris milling wheat futures rallied sharply in the week.
Lower global wheat and corn output and a falling stocks-to-use ratio support feed grain prices and keep barley competitive in feed markets.
ahdb.org.ukAug 16, 2021After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
Not enough comparable past events yet for a historical read.
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.
