
USDA's first survey-based crop production forecast put the national average corn yield at 169.5 bushels per acre, up 3.5 bushels from July, and planted corn acres at 90 million. Total production was forecast at 13.9 billion bushels, up 26 million from July, and corn futures fell Monday after the report.
A larger corn crop forecast despite wet-spring planting delays increases supplies and pressures corn prices, lowering feed costs for buyers.
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.
USDA's survey-based forecast raised yield by 3.5 bu and production by 26M bu versus July, increasing expected supply and pushing futures lower.
USDA raised the corn yield to 169.5 bu/ac and held acres at 90 million, which increased supply and sent corn lower.