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US harvest has begun with early yield reports ranging from better than expected to best ever, though accurate production data may take time. Brazil's soybean planting reached 21%, below last year's 34% but at the five-year average.
Concern centers on whether slower corn planting could reduce Safrinha yields, and US-China tariff talks remain unresolved.
Uncertain US yields and possible Brazilian Safrinha shortfall offer mixed signals, while the unresolved US-China tariff dispute keeps export demand for US soybeans uncertain.
leadertelegram.comKarl SetzerOct 28, 2019After 480 past neutral trade 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 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.
