
The USDA lowered its forecast for Argentine soybean output and exports after dry weather hit yields in northwestern Buenos Aires and Entre Rios. Output was cut by 2.5M tonnes and exports were downgraded from 6.85M to 5.5M tonnes due to Brazilian competition and strong local crush.
The 2021/22 outlook calls for 51.5M tonnes of production and 6.5M tonnes of exports.
A smaller Argentine crop and reduced export availability tighten global soybean and meal supply, supporting soybean and soymeal prices. Strong domestic crush keeps Argentine meal and oil flows firm.
Setelah 747 peristiwa laporan bullish sebelumnya, Kedelai bergerak median +0,3% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +2,1%), dan +0,8% selama 20 sesi.
Setelah 414 peristiwa laporan bullish sebelumnya, Bungkil Kedelai bergerak median -0,1% selama 5 sesi (48% lebih tinggi; separuh tengah -2,1% sampai +2,3%), dan +0,3% 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.