
The French farm ministry forecast grain maize plantings for 2023 at 1.25 million hectares, down 7.6% from 2022, and 1.33 million hectares including seed maize, the lowest in more than 30 years. Sunflower seed area is expected to rise to 868,000 hectares, the highest this century.
Sugar beet area was also revised down.
A sharp fall in French maize area reduces EU corn supply and may support corn prices and feed costs in Europe. The shift toward sunflower seed could add to sunflower meal supply later.
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.