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USDA will release its quarterly Grain Stocks and Small Grains Summary reports on Friday at 11 a.m. CDT.
Analysts expect Sept. 1 corn stocks to be the largest on record in 30 years, and noncommercial traders have been adding to net-short positions.
Large expected corn and soybean ending stocks point to ample supplies heading into the new crop year, which is weighing on feed grain and soymeal prices ahead of the report.
dtnpf.comDarin Newsom DTN Senior AnalystSep 28, 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 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
