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June acreage survey and quarterly stocks — historically one of the most volatile report days.
USDA NASSAfter 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), and -0.2% 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.
The June 30 USDA Acreage and Grain Stocks reports fall within the 5-day window and can reset supply expectations; a lower-than-expected planted area or stocks figure plausibly triggered the sharp repricing of corn, though the summary does not confirm the direction of the surprise.
The June 30 USDA Acreage and Grain Stocks reports fall within the 5-day window ending July 7 and can reset supply expectations; lower-than-expected soybean acreage or stocks would plausibly drive a sharp supply-driven rally, though the summary does not confirm the direction of the surprise.
The June 30 USDA Acreage and Grain Stocks reports fall within the 5-day window ending July 7 and can reset supply expectations; lower-than-expected soybean acreage or stocks would plausibly drive a sharp supply-driven rally, though the summary does not confirm the direction of the surprise.
The June 30 USDA Acreage and Grain Stocks reports fall within the 5-day window and can reset supply expectations; a lower-than-expected planted area or stocks figure plausibly triggered the sharp repricing of corn, though the summary does not confirm the direction of the surprise.
