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US export sales for the week ending in late March showed corn, soybean and wheat sales rising, with corn and soybeans beating forecasts. Wheat sales rose 58% but remained well short of the pace needed for USDA's annual forecast.
Solid corn and soybean demand supports US feed grain prices, though wheat's shortfall versus the USDA pace leaves it less supported.
farmprogress.comBob Burgdorfer Senior Editor, Farm FuturesMar 24, 2017After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
