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The US economy is forecast to grow 6.2% in 2021 as vaccinations drive a spending rebound, boosting container imports. The USDA reports continued strong overseas demand for US corn and soybeans, with grain inspections up at Gulf, Atlantic and Pacific Northwest ports.
Robust export demand and strong macro growth support grain flows and barge demand, while high imported fertilizer costs squeeze planting economics for corn and soybean growers.
waterwaysjournal.netWaterways JournalApr 16, 2021After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% over 20.
Not enough comparable past events yet for a historical read.
After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% 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.
