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USDA's latest supply and demand estimates raised US corn export projections on competitor production problems and competitive US prices. Soybean export projections were cut as Brazilian beans gained Chinese market share on oil and protein content.
Higher corn export expectations support US corn demand, while lower soybean export forecasts weigh on US soy and its meal and oil values.
brownfieldagnews.comTom SteeverFeb 14, 2018After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
