Conab raised its 2021/22 Brazil corn forecast by 440,000 tonnes to 115.7 million tonnes and lifted the second-crop estimate to a record 88.45 million tonnes. The agency warned that about 19% of second-crop corn is still affected by dryness.
SLC Agricola cut its safrinha yield expectations for a second time due to dryness and cold damage.
A record second crop and higher export expectations increase corn supply, which is bearish for feed corn prices. Yield losses from dryness in some areas partly offset the bearish effect.
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.