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DTN previews USDA's Sept. 30 Grain Stocks and Small Grains Summary reports, noting the Sept.
1 corn stocks estimate near 2.436 billion bushels and a record first billion-bushel soybean surplus. Analysts see odds leaning bearish for corn if USDA surprises, as demand has fallen.
A stocks surprise would move corn and soybean prices, and the wheat production estimate will reflect difficult spring wheat harvest conditions.
dtnpf.comTodd HultmanSep 27, 2019After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
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.
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.
