Loading…
Corn futures ended higher on strong export demand, with Japan's purchase of 5 million bushels of US corn cited as support. Chicago wheat also closed higher on commercial buying.
Soybeans rose on forecasts of rain in Argentina.
Routine export purchases reinforce US corn demand and support nearby futures, though the buying is modest in size.
brownfieldagnews.comTom SteeverFeb 7, 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 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), 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.
