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South African maize spot prices rose 1.4% to 1.6% week on week, and maize exports continued through the season. US corn futures rose after USDA reported smaller-than-expected yellow corn supplies, and wheat production was cut 5.72% in the CEC's second estimate.
A smaller USDA corn supply and a cut in South African wheat output support higher feed grain prices.
farmingportal.co.zaFarming PortalOct 2, 2019After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 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.
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.
