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The February WASDE trimmed U.S. wheat carryover to 940 million bushels on a 25 million bushel rise in exports. Soybean export forecasts were raised, and U.S. corn carryover was unchanged at 1.892 billion bushels.
Higher U.S. wheat and soybean exports tighten domestic supplies slightly, but the changes were modest and unlikely to shift feed grain prices much.
world-grain.comRon SterkFeb 11, 2020After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
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.
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.
