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A MinnStar Bank analysis, published February 25, reviews the February 11 WASDE. It reports 2019-20 corn ending stocks at 1.89 billion bushels and a slight drop in soybean ending stocks.
The unchanged corn stocks and steady $3.85 season-average price give feed buyers no new reason to shift pricing expectations.
minnstarbank.comNicole HinzFeb 25, 2020After 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 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.
