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Commodities broker Clayton Pope said the May USDA numbers were less friendly than the trade expected, with old-crop corn carryover down 95 million bushels versus larger expected cuts. He noted that new-crop corn stocks are comfortable and that traders are skeptical of USDA figures.
Traders doubting the report and seeing ample new-crop corn supplies points to limited support for corn prices until the June 30 acreage report.
rrfn.comCarah Hart12 Mei 2021Setelah 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.
Traders said the WASDE was less bullish than expected, with old-crop carryover cut by only 95 million bushels and new-crop stocks comfortable, which supports a sharp sell-off.
