Loading…
USDA's October Feed Outlook projects 2018/19 feed and residual use of the four feed grains and wheat at 151.5 million metric tons, 2.2 million above last month. US feed grain supplies rose 1.8 million tons as larger corn carry-in and higher sorghum output offset lower corn production, and the corn yield was cut 0.6 bushels per acre to 180.7.
Higher projected feed use alongside a slightly smaller corn yield tightens the feed grain balance, a modestly supportive signal for corn and sorghum prices.
aquafeed.comAquafeed Media SLUOct 18, 2018After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
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.
