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USDA Chief Economist Robert Johansson delivered the opening speech at the 2017 Agricultural Outlook Forum, thanking speakers and previewing the year's agricultural and trade issues. The text is largely introductory and gives no specific new figures.
The speech sets the tone for USDA's 2017 outlook but contains no concrete supply or demand change, so it has little direct price impact.
doi.orgRobert Johansson, Johansson, RobertJan 1, 2017After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
