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A compilation of older articles notes Argentina is facing its worst drought in three decades, and reports US corn and soybean stockpiles are expected to stay large through 2018 and into 2019. Other items recall past China corn stockpiling policy and low grain prices.
Argentine drought supports South American supply tightness, but expected record US harvests and large stocks cap grain price gains for feed buyers.
thefern.orgChuck AbbottFeb 28, 2018After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), 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.
