
Reuters reports that U.S. corn supply estimates in the April USDA report came in well below initial projections, supporting the Chicago corn rally. Corn stocks-to-use for 2024-25 is put at 9.6%, a three-year low, down from 11.8% in 2023-24.
A stocks-to-use ratio at a three-year low signals tighter corn supplies and supports prices for feed buyers. The rally reflects the USDA cut rather than a new cause.
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.
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.