Corn futures climbed above $6 and soybean futures hit contract highs in the latest grain session. Analyst Brian Splitt of AgMarket.Net cited Brazil's safrinha corn crop, with about half under moisture stress, as a key driver.
He also pointed to Brazil's suspension of import tariffs on corn, soybeans, meal and oil through year-end, and to cold U.S. weather slowing planting and emergence.
Moisture stress on Brazil's safrinha corn cuts export supply expectations, while the tariff suspension boosts Brazilian import demand. Slow U.S. planting adds weather risk to the new-crop outlook, supporting corn and soybean prices.
Setelah 1.465 peristiwa cuaca bullish sebelumnya, Jagung bergerak median +0,2% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +1,9%), dan +0,9% selama 20 sesi.
Setelah 1.079 peristiwa cuaca bullish sebelumnya, Kedelai bergerak median +0,3% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +2,0%), dan +0,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Corn climbed above $6 on Brazil safrinha moisture stress, Brazil tariff suspension and cold US planting weather.