
Corn, soybeans and wheat rallied after technically bearish closes on Thursday. USDA announced daily sales of 303,000 MT of corn to Mexico and 134,000 MT of soybeans to China, plus 120,000 MT to Vietnam and 100,000 MT to unknown destinations.
Producer prices rose 0.3% in October, below expectations.
Fresh export sales to Mexico, China and Vietnam support demand for US corn and soybeans, and firmer dollar and Treasury yields add pressure on futures.
After 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 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.