Loading…
The International Grains Council reported its grains and oilseeds price index rose 8% in October to its highest level in over six years. Corn rose 18%, soybeans 8% and wheat 7%, while rice fell 1%.
Rising global prices driven by import demand and tight old-crop supplies raise feed ingredient costs for buyers across all grains.
graincentral.comGrain CentralNov 3, 2020After 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.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
