Loading…
US grain futures were mostly firmer in overnight trading on August 26, 2019, with corn up 2 to 3 cents, soybeans up about 13 cents and wheat steady to 1 cent higher. Trump said China wanted to return to trade talks and announced a tentative US-Japan agreement that would open Japanese farm markets.
Renewed US-China talks and Japanese corn purchase intentions support export demand expectations, though Chinese officials did not confirm the call, so the price lift may be fragile.
thepoultrysite.comRyan JohnsonAug 26, 2019After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
