Loading…
The USDA Economic Research Service's November 30 report forecasts fiscal 2018 U.S. agricultural exports at $140 billion, up $1 billion from August, driven by corn and DDGS. The agency expects an agricultural trade surplus of $23 billion.
Higher expected corn and DDGS exports point to firmer demand for U.S. feed grains and co-products, supporting corn and DDGS prices.
world-grain.comEric SchroederDec 4, 2017After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
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.
