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Grain buyers from 35 countries attending the October Export Exchange in Minneapolis reported purchases worth an estimated $403 million, covering about 2.1 million metric tons of coarse grains and co-products including DDGS. Buyers said their purchasing was more short-term because of uncertainty in U.S.-China relations.
Sizable committed purchases of U.S. feed grains and DDGS support export demand, though buyers' short-term strategies point to limited forward commitments. The price effect is modest because the deals were reported after the October event.
grains.orgDec 12, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
