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USDA weekly export sales for the week ended January 16 showed strong corn sales of 1.66 million tonnes and soybean sales of 1.49 million tonnes. Analysts also published estimates ahead of the January Cattle on Feed report.
Heavy corn and soybean export commitments support U.S. demand and draw down old-crop stocks, which backs prices.
blog.pricegroup.comJack ScovilleJan 24, 2025After 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 747 past bullish report events, Soybeans 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.
