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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 ago 2019Tras 1102 eventos bajista de informe pasados, Maíz se movió una mediana de -0,2 % en 5 sesiones (47% al alza; mitad central entre -1,8 % y +1,3 %), y +0,0 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
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.
