◂ Event Timeline

Jul 14, 2021REPORTGlobal

Grain and Oilseed Markets and Weather Outlook

A CME Group video presents AgResource's recap of the July 12 WASDE report and an outlook for grain and oilseed markets. Climate Impact Company's Scott Yuknis discusses Northern Hemisphere crop weather and a preliminary 2021-22 Southern Hemisphere outlook.

WHY IT MATTERS

The WASDE recap and weather outlook frame near-term expectations for US and South American supply, but the content is commentary rather than new data, so price impact is limited.

AFFECTSCorn◆Soybeans◆

SOURCE
cmegroup.comJul 14, 2021

Price reaction & history

Corn◆neutralSO FAR1d +0.5%5d -9.8%20d -13.0%

After 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.

Jan 1, 2018Grains and Oilseeds Outlook+0.3%
Oct 11, 2024Canada Know-Risk Market Outlook | WASDE Neutral for Grain and Oilseeds-1.8%
Aug 1, 2024China's meat sector growth and U.S. grain and oilseed exports-0.1%
Dec 10, 2019Grain markets yawn at latest WASDE data+4.3%
Nov 3, 20202020 grains, oilseeds and pulse outlook update: Prices expected to improve over next 6 months | FCC+0.0%

Soybeans◆neutralSO FAR1d +2.1%5d +0.4%20d +0.7%

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.

Jan 1, 2018Grains and Oilseeds Outlook+0.7%
Oct 11, 2024Canada Know-Risk Market Outlook | WASDE Neutral for Grain and Oilseeds-2.6%
May 20, 2025Oilseeds: World Markets and Trade+1.1%
May 13, 2021Grain Journal | USDA Oilseeds: World Markets and Trade (May 12):…-7.4%
May 31, 2019Grain Market Review: Oilseeds-2019-2.3%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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