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The 2024 new-crop corn market rallied from March through May on drought and then excessive rain concerns in the US and abroad, and gave back most gains in early June. Attention now turns to whether the US crop can reach USDA's 181 bu/ac yield estimate on 90 million acres, with a June 28 USDA update expected to be a potential market mover.
Weather-driven yield doubts were the main source of price support this spring, so the crop's condition in the coming weeks sets the direction for corn costs. A confirmed yield shortfall would lift feed grain prices.
terrainag.comMatt Clark27 Jun 2024Setelah 445 peristiwa cuaca netral sebelumnya, Jagung bergerak median +0,1% selama 5 sesi (52% lebih tinggi; separuh tengah -1,4% sampai +1,6%), dan +0,7% 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.
