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USDA's weekly Crop Progress report showed corn good-to-excellent ratings fell 3 points to 72% for the week ending July 15, below analyst expectations of 74%. Soybean ratings also pulled back, with the heaviest losses in drought-affected states such as Missouri, Kansas and Arkansas.
Yield potential is still seen above average.
A surprise drop in corn ratings versus expectations adds a small bullish bias for corn and feed grain prices, though high yield potential limits the rally.
feedstuffs.comBen Potter17 jul 2018Tras 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.
Tras 747 eventos alcista de informe pasados, Soja se movió una mediana de +0,3 % en 5 sesiones (54% al alza; mitad central entre -1,4 % y +2,1 %), y +0,8 % 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 Crop Progress showed corn condition falling 3 points to 72%, below the 74% expected, which tightened yield expectations and supported prices.
USDA's weekly Crop Progress report showed corn good-to-excellent ratings down 3 points to 72%, below expectations, which supports prices through lower yield expectations.
