
The June WASDE slashed 2020/21 U.S. corn ending stocks by 150 million bushels, more than analysts expected, on rising export and ethanol demand. Corn stocks are the tightest since 1995/96, and the USDA kept the season-average farm price at $5.70 per bushel.
Robust export inspections in May despite high prices were cited.
Tight stocks and strong export demand support higher corn prices, which raise feed grain costs for buyers. The unchanged farm price forecast suggests the market still sees room for further rallies.
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.
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.