Loading…
The USDA February WASDE report, due February 8, 2024, will update South American corn and soybean estimates. Analysts expect small changes to U.S. corn ending stocks and possible adjustments to Brazil's corn production and U.S. export estimates.
Traders will react to any shift in Brazilian and Argentine production estimates, which could move corn and soybean prices if they differ from expectations.
dtnpf.comTodd HultmanFeb 6, 2024After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
