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CBOT November soybeans rose about 7 cents to $10.61 a bushel and December corn gained 1.5 cents to $4.06 on strong export demand, with wheat firming on dry weather in U.S., Russian and global growing areas. USDA also reported a flash sale of 132,000 tonnes of soybeans to unknown destinations, the sixth straight day of corn or soybean flash sales.
Consistent flash sales show ongoing export demand that tightens near-term supplies, supporting corn, soybean and wheat prices for feed buyers.
financialpost.comReutersOct 20, 2020After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), 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.
