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Soybeans and corn posted their first lower weekly closes in weeks on March 12. Analysts said traders were disappointed that USDA's March WASDE made no changes to U.S. ending stocks, despite strong exports.
A small increase to Brazil's soybean crop was offset by drought-related cuts in Argentina.
Unchanged U.S. ending stocks despite strong exports leaves the market without new bullish input, so prices may drift lower until USDA adjusts balance sheets.
agweek.comMichelle Rook12 mar 2021Tras 788 eventos bajista de informe pasados, Soja se movió una mediana de -0,3 % en 5 sesiones (47% al alza; mitad central entre -2,0 % y +1,5 %), y -0,9 % en 20.
Tras 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.
Corn posted its first lower weekly close in weeks on March 12 as traders were disappointed that USDA's WASDE left U.S. ending stocks unchanged, a sentiment-driven selloff.
Corn and soybeans posted lower weekly closes as traders were disappointed by unchanged US ending stocks, signaling bullish sentiment fading.
