Loading…
The USDA's March 31 Grain Stocks and Planting Intentions report showed on-farm soybean stocks down 41.3%, and corn is up over 70% since August. Corn and soybean prices rose after the report, and lysine prices have followed.
Tight US soybean supplies and higher grain prices raise feed costs, pushing buyers toward amino acid additives. That supports lysine prices.
benisonmedia.comAshwani VermaApr 6, 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.
