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USDA's first survey-based crop production forecast put the national average corn yield at 169.5 bushels per acre, up 3.5 bushels from July, and planted corn acres at 90 million. Total production was forecast at 13.9 billion bushels, up 26 million from July, and corn futures fell Monday after the report.
A larger corn crop forecast despite wet-spring planting delays increases supplies and pressures corn prices, lowering feed costs for buyers.
mcfb.org13.08.2019Nach 1.102 vergangenen Ereignisse (bearisch, Bericht) bewegte sich Mais im Median über 5 Handelstage um -0,2 % (47% höher; mittlere Hälfte -1,8 % bis +1,3 %) und über 20 Handelstage um +0,0 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
USDA's survey-based forecast raised yield by 3.5 bu and production by 26M bu versus July, increasing expected supply and pushing futures lower.
USDA raised the corn yield to 169.5 bu/ac and held acres at 90 million, which increased supply and sent corn lower.
