Corn, soybeans, soybean meal, soybean oil, and SRW and HRW wheat futures posted weekly losses, with several contracts reaching multiweek or multimonth lows. Ahead of Tuesday’s USDA WASDE report, analysts expected slightly lower U.S. corn yield and production but slightly higher soybean yield and production; the U.S. harvest was nearing completion.
The report could reset production and stock expectations, while the fading harvest reduces farmer hedge-selling pressure. Recent price action is bearish across the named grain and oilseed contracts, but the report’s expected changes are mixed.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.