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Texas A&M's Mark Welch reports that the November WASDE cut US corn production by 118 million bushels, with yield falling to 167 bushels per acre, 3% below trend. Demand was also lowered, with feed, ethanol and exports each reduced, and ending stocks fell about 19 million bushels.
The lower production estimate tightens US ending stocks and lifts the projected season-average farm price to $3.85, above the Price Loss Coverage trigger. Lower global stocks, with days of use at their lowest since 2012 excluding China, add support to prices.
cornsouth.comVicky Boyd25 dic 2019Tras 1040 eventos alcista de informe pasados, Maíz se movió una mediana de +0,5 % en 5 sesiones (62% al alza; mitad central entre -0,9 % y +2,0 %), y +0,8 % en 20.
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.
