
USDA's December 9 WASDE report made few changes that moved corn prices. USDA cut the U.S. corn export forecast by 75 million bushels, in line with trade estimates, and raised 2022-23 ending stocks by the same amount to 1.257 billion bushels.
World corn ending stocks were lowered by 2.4 million tonnes to 298.4 million.
A larger U.S. corn carryout with weaker export demand is mildly bearish for corn prices, but the report was largely expected and the trade focus stayed on soybean oil.
Setelah 1.102 peristiwa laporan bearish sebelumnya, Jagung bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,8% sampai +1,3%), dan +0,0% 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.