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Commodity futures fell sharply in the week after the USDA's 10 August production report, which raised the US soybean crop to a record 4.38 billion bushels. November soybeans lost as much as 52 cents, and corn futures fell 23 cents a bushel.
The article focuses on Arkansas figures.
A larger US crop forecast lowers expected feed grain and soymeal prices, shifting feed costs lower for buyers.
news.agropages.comAug 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 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.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.
