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USDA export sales reports show U.S. exporters sold 132,000 metric tons of corn to Spain and 238,000 metric tons of soybeans to China for 2017/18 delivery. The report was published on October 27, 2017.
New sales to China and Spain support export demand for U.S. soybeans and corn. The volumes are modest and are unlikely to move futures much on their own.
zmp.deOct 27, 2017After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 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.
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.
