
China placed orders for over 3.35 million metric tons of U.S. corn between March 10 and March 30, taking advantage of lower U.S. prices. U.S. net corn export sales were on the high side of the average range last week.
China had not yet booked any 2023/24 U.S. corn.
Opportunistic Chinese buying supports U.S. corn export demand and prices, and it reflects concern about South American supply this summer. The absence of new-crop bookings limits that support.
Setelah 729 peristiwa perdagangan bullish sebelumnya, Jagung bergerak median +0,4% selama 5 sesi (56% lebih tinggi; separuh tengah -1,1% sampai +1,8%), dan +0,5% 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.