Corn ending stocks grow but not like traders expected

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• May 31, 2023USDA lowers ag trade forecast for FY 2023 | Agri-Pulse Communications, Inc.-1.8%
• Aug 28, 2024Ag trade deficit to grow in FY25, as Chinese market shrinks | Agri-Pulse Communications, Inc.+4.4%
• May 10, 2019[Article Headline] | 2019-05-10 | Agri-Pulse | Agri-Pulse Communications, Inc.+5.8%
• Aug 12, 2019USDA trims corn, soybean acres off June estimates | 2019-08-12 | Agri-Pulse | Agri-Pulse Communications, Inc.-6.0%
• Sep 10, 2021USDA raises corn and soy yield forecasts, pushing down price expectations | 2021-09-10 | Agri-Pulse Communications, Inc.+1.1%

After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.

• May 10, 2019[Article Headline] | 2019-05-10 | Agri-Pulse | Agri-Pulse Communications, Inc.+4.9%
• Aug 12, 2019USDA trims corn, soybean acres off June estimates | 2019-08-12 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.7%
• Mar 11, 2020Study: US farms in better shape due to MFP, but many still face red ink | 2020-03-10 | Agri-Pulse Communications, Inc.-5.6%
• Aug 30, 2019Trade mitigation payments boost farm income | 2019-08-30 | Agri-Pulse Communications, Inc.-1.3%
• Dec 12, 2018Few surprises in last WASDE of 2018 | 2018-12-11 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.8%