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USDA trade data showed U.S. agricultural exports of $129.9 billion through August of fiscal 2017, about 10 percent above the prior year. Corn export value was up 12 percent, wheat 25 percent and soybeans 17 percent over the same period.
Strong export growth in corn, wheat and soybeans supports U.S. demand and prices for these grains. The data confirms an export pace that is already known to the market.
farmpolicynews.illinois.eduKeith GoodOct 9, 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.
After 769 past bullish report events, WHEAT moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
