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The US Grains Council ran a series of webinars for global grain buyers explaining USDA's November WASDE report. The sessions covered corn production, US supplies, and expected exports.
The USDA had cut corn yields slightly because of difficult harvest conditions.
The webinars are outreach to buyers and do not add new supply information. They confirm that exports are driving prices and that the market faces unresolved supply uncertainty.
grains.orgNov 13, 2020After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% 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.
