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CoBank forecasts a record U.S. harvest of 21.5 billion bushels of corn, soybeans and sorghum this fall. It expects tight grain storage, higher merchandising fees, and strained transport infrastructure amid uncertain China trade and weak demand for U.S. soybeans.
A record crop with weak export demand adds to supply pressure on corn and soybean prices, while tight storage and transport raise handling costs.
business.sherbrookerecord.comCoBankMay 25, 2018After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
