
Chicago corn gained 4% over the week as US crop ratings fell more sharply than expected. Europe's maize outlook also worsened after heat and drought, and India was heading for its weakest monsoon since 2009.
Concurrent crop shortfalls in the US, Europe and India tighten global corn supply. The price direction is bullish for corn.
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.
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.
Falling US crop ratings and worse EU maize and drought conditions drove Chicago corn up about 4% on the week, matching the move.