
Grain futures rebounded last week from multi-month lows after the November USDA WASDE showed smaller US corn and soybean stocks and record exports including large Chinese purchases. In Europe, Germany's DRV estimated its corn crop at only 4.1 million tonnes, the smallest since 2020, and the euro weakened to about 1.1023 against the dollar.
A smaller US supply outlook and weak German corn crop support prices, while a weaker euro makes EU grain more competitive for export. Record gas costs for drying, however, erode Polish farm margins despite firmer futures.
After 1,051 past bullish report events, Corn moved a median +0.6% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.