
CONAB cut its June estimate for Brazil's second corn crop in 2020/21 to 69.66 million tonnes, down 12.4% from May. Corn exports were trimmed by 5.5 million tonnes to 29.5 million, and imports were raised to 2.3 million tonnes.
Russia's export tax for the week from June 16 was also set at $33.3 per tonne for wheat, $39.6 for barley and $48.2 for corn.
A smaller Brazilian safrinha crop and lower export availability tighten the corn export balance and support global corn prices. Russia's higher export taxes also limit Black Sea grain flows.
Setelah 1.465 peristiwa cuaca bullish sebelumnya, Jagung bergerak median +0,2% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +1,9%), dan +0,9% 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.