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US soybean and corn futures rose on 17 July after USDA reported that good-to-excellent ratings fell to 69% for soybeans and 72% for corn, down from the prior week. Hot, dry weather drove the decline, and traders also hoped for a resolution to the US-China trade dispute.
Lower crop conditions during the key pollination and August soybean development period raise yield risk and support prices, though the ratings are still relatively good by historical standards.
grainews.caGFM Network News17 jul 2018Tras 1465 eventos alcista de clima pasados, Maíz se movió una mediana de +0,2 % en 5 sesiones (54% al alza; mitad central entre -1,4 % y +1,9 %), y +0,9 % en 20.
Tras 1079 eventos alcista de clima pasados, Soja se movió una mediana de +0,3 % en 5 sesiones (54% al alza; mitad central entre -1,4 % y +2,0 %), y +0,9 % 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 futures rose on 17 July after USDA cut good-to-excellent ratings to 72% amid hot, dry weather, a direct supply-risk driver within the 5-day window.
Corn futures rose on 17 July as USDA crop ratings fell, a supply-side weather sentiment driver, though the stated move ends 15 July and timing is slightly off.
