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Irish barley demand is slow due to cheaper maize imports, while wheat demand is firm. Corn futures fell up to 4% after USDA's planting survey showed 92.8 million acres of US corn, up 3 million from last year.
Larger US corn plantings and cheap maize imports are weighing on European feed grain prices, while flooding in the US Midwest adds planting uncertainty.
ifa.ieApr 2, 2019After 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.
Not enough comparable past events yet for a historical read.
After 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.
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.
