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INTL FCStone's Arlan Suderman said the May USDA report contained little to move markets, with corn bouncing slightly and soybeans reversing a few cents after touching the top of their trading channel. He noted global corn stocks fell 30 million metric tons, mostly due to China.
Global corn stock declines, concentrated in China, point to firmer import demand, though with markets largely unchanged the price impact is limited.
hoosieragtoday.comProductionMay 11, 2017Not enough comparable past events yet for a historical read.
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.
