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Analysis of the September 30 USDA Grain Stocks report says September 1 corn stocks came in at 1.995 billion bushels, about 11% below pre-report estimates. The column describes this as the second-largest analyst over-guess of corn supply since at least 2005.
The unexpectedly small corn stocks figure tightened old-crop supply and supported corn prices.
reuters.comKaren BraunOct 1, 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.
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.
