
Corn closed slightly higher after the June WASDE trimmed U.S. old-crop corn stocks, while soybeans fell on a rumor that EPA would set biomass-based diesel volumes at only 4.65 billion gallons. USDA left South American crop estimates unchanged even as CONAB raised its Brazil corn forecast.
Soybean weakness on the biofuel rumor signals that a low RVO would cut soybean oil demand and crush margins, which lowers meal output and pressures soybean meal prices. Corn strength reflects the tighter U.S. carryout.
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.
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.
Setelah 146 peristiwa laporan bearish sebelumnya, Minyak Kedelai bergerak median -0,0% selama 5 sesi (49% lebih tinggi; separuh tengah -1,8% sampai +1,9%), dan +0,4% 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.
On June 12 a rumor that EPA would set biomass-based diesel volumes at only 4.65 billion gallons drove soybean-complex sentiment, and the market's sharp reaction to biofuel policy headlines is the plausible mechanism behind the 2.58% move that day.