◂ Linimasa Peristiwa

16 Apr 2024LAPORANAS

USDA revises corn and sorghum forecasts for 2023/24

The USDA Economic Research Service's April 2024 Feed Outlook lowered US corn ending stocks for 2023/24 on a 25 million bushel increase in both ethanol and feed use. The season-average farm price for corn was cut by $0.05 to $4.70 per bushel.

Sorghum feed and residual use was raised as exports rose.

MENGAPA INI PENTING

Tighter corn ending stocks from stronger domestic use support corn prices. Higher sorghum feed use and exports tighten sorghum supplies and support its price.

BERDAMPAK PADACORN▲SORGHUM▲

1 SUMBER
feedandgrain.comSteven Kilger16 Apr 2024

Reaksi harga & riwayat

CORN▲bullishSEJAUH INI1d -0,1%5d -0,3%20d +3,3%

Setelah 1.040 peristiwa laporan bullish sebelumnya, CORN bergerak median +0,5% selama 5 sesi (62% lebih tinggi; separuh tengah -0,9% sampai +2,0%), dan +0,8% selama 20 sesi.

17 Okt 2024USDA forecasts rise in corn and sorghum exports amid global shortages | Feed & Grain+2,1%
24 Feb 2022USDA cuts corn, raises soy and wheat acreage for 2022+6,5%
10 Des 2024USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report | Feed & Grain+1,6%
15 Jan 2025Corn production slashed, sorghum rises in latest USDA Feed Outlook | Feed & Grain+2,0%
11 Sep 2020USDA Lowers Corn and Soybean Forecasts | AgWired+4,5%

SORGHUM▲bullish

Belum cukup peristiwa historis yang sebanding untuk analisis historis.

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.

CORN · GP ▸

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SORGHUM · GP ▸

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