◂ Event Timeline

Mar 8, 2019REPORTUS

Trade turns to weather as potential market mover

Agri-Pulse's coverage of the March WASDE said corn ending stocks rose 100 million bushels to 1.8 billion, with corn exports down 75 million bushels to 2.3 billion. Soybean ending stocks dropped 10 million bushels to 900 million, and traders shifted attention to weather and U.S.-China trade talks.

WHY IT MATTERS

Higher corn carryout and lower export demand are bearish for corn, and the average corn price forecast was cut. Soybean supply tightened slightly, but ongoing trade uncertainty with China limits any rally.

AFFECTSCorn▼Soybeans◆

SOURCE
agri-pulse.comBen NuelleMar 8, 2019

Price reaction & history

Corn▼bearishSO FAR1d -0.2%5d +0.8%20d +0.8%

After 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.

Aug 28, 2024Ag trade deficit to grow in FY25, as Chinese market shrinks | Agri-Pulse Communications, Inc.+4.4%
May 10, 2019[Article Headline] | 2019-05-10 | Agri-Pulse | Agri-Pulse Communications, Inc.+5.8%
May 31, 2023USDA lowers ag trade forecast for FY 2023 | Agri-Pulse Communications, Inc.-1.8%
Mar 11, 2020‘Benign’ WASDE makes minimal changes in numbers | 2020-03-10 | Agri-Pulse Communications, Inc.-6.0%
Aug 12, 2019USDA trims corn, soybean acres off June estimates | 2019-08-12 | Agri-Pulse | Agri-Pulse Communications, Inc.-6.0%

Soybeans◆neutralSO FAR1d -0.8%5d -0.1%20d +1.8%

After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.

Aug 30, 2019Trade mitigation payments boost farm income | 2019-08-30 | Agri-Pulse Communications, Inc.-1.3%
Jan 10, 2020Markets breathe easy with neutral WASDE report | 2020-01-10 | Agri-Pulse Communications, Inc.-1.0%
May 10, 2019[Article Headline] | 2019-05-10 | Agri-Pulse | Agri-Pulse Communications, Inc.+4.9%
Aug 12, 2019USDA trims corn, soybean acres off June estimates | 2019-08-12 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.7%
Dec 12, 2018Few surprises in last WASDE of 2018 | 2018-12-11 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.8%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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