Loading…
The Chinese Academy of Sciences' CropWatch bulletin covers world crop conditions from October 2019 to January 2020 and its 2020 outlook for maize, rice, wheat and soybeans. It flags extreme rainfall and floods in Africa and a desert locust outbreak spreading from Arabia into western Asia and East Africa.
Locust damage and flood losses in key regions could cut local grain output and raise import demand, providing modest upside for cereal prices.
english.cas.cnEditor: LI YuanMar 6, 2020After 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.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 50 past neutral report events, Rough Rice moved a median -0.0% over 5 sessions (50% higher; middle half -1.9% to +1.5%), and -1.2% over 20.
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.
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.
