Loading…
The May WASDE gave the first look at 2021-22 U.S. crops, with corn production projected at 14.99 billion bushels based on a 179.5 bushel per acre yield and 91.1 million acres planted. Old-crop corn ending stocks were cut 95 million bushels to 1.257 billion.
The projected new-crop corn production outlook sets the supply baseline for feed prices through the coming season, and the old-crop cut supports near-term tightness.
agweek.comMichelle RookMay 12, 2021After 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.
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.
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.
