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Chicago soybean, corn and wheat futures plunged on Monday as fresh coronavirus lockdown concerns triggered a global risk-off move. Wheat fell 3.7 percent, its biggest daily drop since August 2019, and soybeans settled down 2.1 percent despite a USDA report of a 132,000-tonne private sale to China.
Analysts said funds were heavily long soybeans and liquidated positions while investors sought the U.S. dollar.
Broad risk aversion and fund liquidation pushed grain prices lower, and a stronger dollar makes US exports less competitive. Buyers of feed grains and meal may see softer near-term prices, though the drop was driven by sentiment rather than a change in supply.
grainews.caGFM Network News21 Sep 2020Setelah 69 peristiwa makro bearish sebelumnya, Gandum (SRW) bergerak median -0,5% selama 5 sesi (35% lebih tinggi; separuh tengah -2,6% sampai +0,8%), dan -0,7% selama 20 sesi.
Setelah 273 peristiwa makro bearish sebelumnya, Kedelai bergerak median -0,4% selama 5 sesi (44% lebih tinggi; separuh tengah -2,4% sampai +1,4%), dan -0,5% selama 20 sesi.
Setelah 301 peristiwa makro bearish sebelumnya, Jagung bergerak median -0,1% selama 5 sesi (47% lebih tinggi; separuh tengah -2,2% sampai +1,3%), dan +0,2% selama 20 sesi.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% 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.
Directly explains the 2020-09-21 drop: a global risk-off move on fresh lockdown fears and heavy fund liquidation sent corn, soybeans and wheat sharply lower.
