Demand drivers absent as US farmers struggle with markets: Basse

After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.

• Oct 2, 2019It’s not just China: US growers face long-term challenges | 2019-10-01 | Agri-Pulse Communications, Inc.+2.2%
• Oct 25, 2017Mexican grain buyers haven’t given up on the US … yet | 2017-10-25 | Agri-Pulse | Agri-Pulse Communications, Inc.-1.4%
• Apr 12, 2023USTR faces option of dispute with Mexico over GM white corn | Agri-Pulse Communications, Inc.+0.7%
• May 23, 2019Farm groups cheer aid, but want end to trade war | 2019-05-23 | Agri-Pulse | Agri-Pulse Communications, Inc.+3.7%
• May 7, 2018Brazil, other competitors close gaps on U.S. export markets | 2018-05-07 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.2%

After 16 past bullish trade events, Brazilian Real (BRL per USD) moved a median -0.3% over 5 sessions (44% higher; middle half -1.4% to +1.9%), and +0.9% over 20.

• Jul 15, 2024China buys first US soybeans of 2024 crop season | Agriculture Dive+1.9%
• Sep 1, 2021Brazil soy farmers hoard crops, betting prices will rise+2.8%
• May 28, 2020China securing Brazilian soy with US trade tensions rising-4.5%
• Dec 3, 2024Trump’s tariff threats fuel currency instability, market pressure-0.2%
• Mar 5, 2020Dollar's strength yet another snag for U.S.-China farm deal+3.0%