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ANZ analysts report global grain and oilseed production and consumption rose 36% and 38% since 2000, with trade volumes doubling. ABARES projects global wheat output rising to 787 million tonnes by 2023-24 and coarse grain output growing more slowly.
Long-run demand growth supports the feed grain outlook, but this is background analysis with no immediate price shock.
anz.com.auMichael Whitehead, Viveka ManikondaAug 1, 2019After 78 past neutral macro events, CORN moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% over 20.
After 13 past neutral macro events, WHEAT moved a median -0.3% over 5 sessions (46% higher; middle half -2.0% to +0.2%), and -2.0% 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.
