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USDA projects 2017/18 US overseas corn sales at 1.85 billion bushels, down 19.3% from a year earlier and the lowest since 2012/13. Export inspections are down 45.9% and sales are off 33.6% year on year.
Sorghum export sales are highlighted as strong while corn lags.
Weak corn export pace and a likely USDA export cut weigh on corn prices, while strong sorghum export demand supports sorghum as a feed substitute.
dtnpf.comJoel KarlinOct 26, 2017After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
