
USDA's January reports raised corn yield to 186.5 bushels per acre, above expectations, and lifted production to a record 17 billion bushels. December 1 corn stocks were above trade estimates, and ending stocks came in higher than expected at 2.2 billion bushels.
Soybean yield was 53 bushels per acre, with production at 4.26 billion bushels and ending stocks at 350 million bushels.
The large upward revisions to corn production and stocks add substantial supply, which pushed futures sharply lower. Higher soybean and corn carryout also weighs on prices for feed buyers' input markets.
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.
Setelah 788 peristiwa laporan bearish sebelumnya, Kedelai bergerak median -0,3% selama 5 sesi (47% lebih tinggi; separuh tengah -2,0% sampai +1,5%), 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.