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The IGC projects 2017-18 US grain production at 421 million tonnes, down from 465.9 million, with corn, wheat, barley and sorghum all forecast lower. US grain exports are also projected to fall to 79.5 million tonnes from 92.3 million.
A sharply smaller US crop and reduced exports tighten global feed grain supplies, supporting corn, sorghum and barley prices.
world-grain.comChris LyddonJul 11, 2017After 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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
