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USDA's Grains and Oilseeds Outlook projects 2018/19 U.S. supply, demand and prices for wheat, corn, rice and soybeans. Corn and soybean prices are expected to be similar to a year earlier despite large stocks.
Spring wheat prices are projected to be higher than in 2017, and corn ethanol demand is expected to rise.
Ample corn and soybean stocks limit price gains for feed ingredients, while firmer spring wheat prices could raise feed wheat costs.
doi.orgU.S. Department Of AgricultureJan 1, 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.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 50 past neutral report events, Rough Rice moved a median -0.0% over 5 sessions (50% higher; middle half -1.9% to +1.5%), and -1.2% 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.
