
Spanish trade analysis says the USDA monthly report released on Tuesday lifted MATIF and Chicago futures and halted several days of declines. Domestic grain supply remains comfortable, but buyers are cautious and corn still faces more downward pressure.
The USDA-driven rebound slowed the fall in European and Chicago grain futures, but weak corn pressure and limited buying interest suggest feed buyers can keep covering needs without paying up.
After 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 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
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.