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Corn gained about 7 cents on the week, helped by light first-notice-day deliveries in the December contract and hopes for a US-China trade deal at the G20. Soybeans rose 17 to 20 cents on expectations of a trade truce or 90-day cooling-off period.
Trade-truce expectations lift soybean prices by easing fears of lost Chinese demand. Doubts about ethanol margins are a bearish counterweight for corn demand.
kdhlradio.comJerry GroskreutzDec 3, 2018After 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, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
Weekly recap attributes corn gains to light first-notice-day deliveries in December futures and trade-deal hopes, matching the 5-day window.
