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An Ohio analysis expects USDA's upcoming supply and demand report to lower US corn and wheat ending stocks while raising soybean stocks. It cites declining Argentine corn output, possible Brazilian soybean export gains and dry weather in Brazil's corn belt.
Lower projected corn and wheat carryouts from export demand and South American weather support prices, while rising soybean stocks would weigh on soy values.
ocj.comBrianna SmithFeb 8, 2018After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), 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.
