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Boerenbusiness reports on the November WASDE, which cut global coarse grain production by 11.1 million tonnes, led by lower output in the EU, Ukraine, Russia and Moldova. Ukraine's corn crop was cut by 8 million tonnes to 37.7 million, and world corn ending stocks fell by 9 million tonnes to 291.4 million, with record Chinese coarse grain imports expected.
Lower Black Sea and EU coarse grain output combined with record Chinese import demand tightens global corn and barley supplies, supporting feed grain prices.
en.boerenbusiness.nlKimberly BakkerNov 11, 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.
Not enough comparable past events yet for a historical read.
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.
