FAPRI's fall update of the US Baseline Outlook projects the 2021 corn marketing-year average price at $5.34 per bushel, the highest since the 2012 drought year. The projection cites strong Chinese import demand and reduced Brazilian production.
Prices are expected to ease in later years as Brazil's crop rebounds.
A projected corn price at a multi-year high raises feed costs for buyers, and the forecast assumes tight supplies through the coming marketing year.
Setelah 1.040 peristiwa laporan bullish sebelumnya, Jagung bergerak median +0,5% selama 5 sesi (62% lebih tinggi; separuh tengah -0,9% sampai +2,0%), dan +0,8% 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.