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ADM reported first-quarter profit down, with earnings of 41 cents a share versus 70 cents a year earlier, citing poor ethanol margins, about $60 million in Midwest flood impacts and trade disputes. The company expects US exports to China to recover by fall harvest once trade talks resolve.
Expectation of a China trade resolution supports future soybean and corn export demand, while weak ethanol margins continue to pressure corn grind.
dtnpf.comApr 26, 2019After 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 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), 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.
