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USDA's WASDE cut the national corn yield to 177.5 bushels per acre, down four bushels, but a 6% rise in planted acreage to 94.1 million keeps production above 15.3 billion bushels. The report cited extreme June dryness in Corn Belt states and expected rain to moderate the impact.
A record-scale crop forecast despite the yield cut limits upside in corn prices, though traders expect the August survey-based report to move markets more.
agri-pulse.comSpencer Chase1 ago 2023Tras 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 kept record corn production on large planted acreage, with the yield cut offset by acreage, which limited supply concerns and encouraged selling.
