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A Iowa Farm Bureau note says the April WASDE showed no surprises for the U.S. corn balance sheet. The 2017/18 outlook included reduced feed and residual use and slightly lower food, seed and industrial use.
With no surprises, the report leaves corn fundamentals largely unchanged, so price impact for feed buyers is limited.
iowafarmbureau.comApr 16, 2018After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), 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.
