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USDA weekly export inspections for the week ending April 29, 2021 totaled about 3.03 million metric tons, led by 2.14 million tons of corn and 509,932 tons of wheat. Soybean inspections fell to 143,418 tons, and marketing-year-to-date corn inspections were well ahead of the prior year.
Strong US corn export pace tightens old-crop supplies and supports corn prices. Weaker soybean shipments in the same week reflect the seasonal slowdown ahead of the new crop.
feedlotmagazine.comSource Jack ScovilleMay 4, 2021After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
