
The USDA report raised the US corn yield to a record 175.4 bushels per acre, 3.0 bushels above the trade average. Production rose 298 million bushels, feed and exports each rose 75 million bushels, and ending stocks climbed 148 million to 2.488 billion bushels, the largest since 1987.
World corn ending stocks were also raised to 203.9 million tonnes.
The large US supply and bigger-than-expected ending stocks are bearish for corn prices in the short run. Tighter world stocks relative to use leave room for a rally if production problems emerge later.
Setelah 1.102 peristiwa laporan bearish sebelumnya, Jagung bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,8% sampai +1,3%), dan +0,0% 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.