Loading…
The USDA forecast U.S. farm exports at a record $164 billion for the fiscal year, above the 2014 record of $152.3 billion. The increase is driven by corn, soybean and meat shipments, with China expected to be the top customer.
Strong export demand, especially from China, supports U.S. corn, soybean and meat prices and signals firm feed demand.
agriculture.comMay 27, 2021After 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.
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.
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.
