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May corn futures fell about 7 cents (1.3%) in the week after USDA's March WASDE left the U.S. corn, soybean and wheat balance sheets unchanged. Funds and weak longs liquidated positions, pushing futures toward technical support.
Attention shifted to the March Prospective Plantings report.
With no bullish change in U.S. balance sheets, prices lost support from fund buying, which points to softer corn prices until new acreage data arrives.
grains.org11 mar 2021grains.org11 mar 2021grains.org11 mar 2021Tras 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.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
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.
May corn fell after the unchanged WASDE as funds and weak longs liquidated positions toward technical support, which fits the sharp decline.
May corn fell as USDA's March WASDE left balance sheets unchanged, triggering fund liquidation and a move toward technical support.
