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Dec 12, 2022REPORTUS

Market Trends Report – December 2022 & January 2023 - Grain Farmers of Ontario

The Grain Farmers of Ontario report says the December 9 WASDE cut US corn export demand by 75 million bushels, raising ending stocks to 1.257 billion bushels. Soybean numbers were unchanged, with ending stocks at 220 million bushels.

WHY IT MATTERS

Lower US corn export demand and higher stocks are bearish for corn prices, while unchanged soybean balances leave soy prices driven by export demand.

AFFECTSCORN▼SOY◆

SOURCE
gfo.caStory by: Grain Farmers of OntarioDec 12, 2022

Price reaction & history

CORN▼bearishSO FAR1d +0.5%5d +1.6%20d +2.6%

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.

Jan 17, 2022Market Trends Report – January & February 2022 - Grain Farmers of Ontario-0.5%
Jan 15, 2018Market trends report for January-February 2018 - Grain Farmers of Ontario+2.3%
Dec 14, 2018Grain Market Report 13th December - Irish Farmers' Association+0.5%
Sep 13, 2021Market Trends Report – September & October 2021+0.1%
Jan 27, 2022Grain Transportation Report, January 27, 2022+1.7%

SOY◆neutralSO FAR1d -1.6%5d -0.3%20d +1.8%

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

Dec 16, 2019Market Trends Report for December & January - Grain Farmers of Ontario+2.3%
Dec 28, 2023Grain Transportation Report, December 28, 2023-4.2%
Jan 23, 2025Grain Transportation Report, January 23, 2025+0.4%
Dec 3, 2020Grain Transportation Report, December 3, 2020+0.5%
Dec 4, 2025Grain Transportation Report, December 4, 2025-2.2%

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.

CORN · GP ▸

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SOY · GP ▸

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