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FAO's Crop Prospects and Food Situation report says robust Latin American harvests and recovering Southern African conditions are improving the global food supply outlook, with record cereal output expected in several countries. It also says 37 countries need external food assistance, and that conflict and weather shocks continue to hit food security.
Expectations of record cereal output and strong Latin American harvests point to ample grain supplies, which is mildly bearish for feed grain prices. Conflict-related demand from food-insecure countries has limited effect on world feed markets.
reliefweb.intSep 3, 2017After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
