◂ Event Timeline

Nov 23, 2020REPORTUS

Outlook for U.S. Agricultural Trade

USDA's outlook raised FY2021 US agricultural export forecast by $11.5 billion to $152.0 billion, with soybean exports projected at a record $26.3 billion and corn exports up $4.2 billion to $13.2 billion. Agricultural exports to China are forecast at a record $27.0 billion.

WHY IT MATTERS

Higher projected export values for soybeans and corn signal strong foreign demand and tighter US supplies, supporting domestic soybean and corn prices.

AFFECTSSOY▲CORN▲

SOURCE
wita.orgBart Kenner & Hui Jiang | United States Department of AgricultureNov 23, 2020

Price reaction & history

SOY▲bullishSO FAR1d +0.9%5d -1.1%20d +5.3%

After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

Aug 1, 2023China: China Trade Data Update - 1st Half CY2023 | USDA Foreign Agricultural Service-2.2%
Feb 26, 2024China to maintain lead in agricultural imports for next decade – USDA+0.9%
Jan 6, 2023Record U.S. FY 2022 Agricultural Exports to China | USDA Foreign Agricultural Service+4.3%
Jan 11, 2024National Beef Wire | WASDE: Oilseed Outlook | Total U.S. oilseed-1.2%
Oct 9, 2017U.S. Agricultural Exports- Data Update from USDA - Farm Policy News+2.9%

CORN▲bullishSO FAR1d +0.1%5d -1.2%20d -3.2%

After 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.

Apr 25, 2025Export Sales to Mexico | USDA Foreign Agricultural Service-2.1%
Mar 14, 2022Export Sales to Mexico | USDA Foreign Agricultural Service+1.1%
Apr 15, 2024Export Sales to Mexico | USDA Foreign Agricultural Service-0.2%
Jan 6, 2023Record U.S. FY 2022 Agricultural Exports to China | USDA Foreign Agricultural Service+1.7%
Oct 9, 2017U.S. Agricultural Exports- Data Update from USDA - Farm Policy News+0.1%

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.

SOY · GP ▸

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CORN · GP ▸

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