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The August 2018 WASDE raised US soybean production to 124.8 million tonnes on higher yields and lifted US soybean ending stocks to 21.3 MMT. US corn production was also raised, while wheat production was lowered, with global wheat ending stocks cut to 259 MMT on EU production declines.
World soybean ending stocks rose to 105.9 MMT.
Higher global soybean stocks signal ample meal supplies, while lower global wheat stocks from EU and dry-weather losses tighten wheat availability for feed use.
tridge.comLone SaiAug 13, 2018After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 769 past bullish report events, WHEAT moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), 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.
