The USDA's first official 2021/22 Prospective Plantings report put US corn plantings at 91.1 million acres and soybeans at 87.6 million, both well below trade expectations. The same report cut soybean ending stocks by 31%, and the quarterly stocks update also came out.
Lower-than-expected acreage and a sharply smaller soybean stocks outlook tighten the new-crop balance sheet, which pushed corn and soybean futures sharply higher and raises feed grain and soymeal costs for buyers.
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.
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.
The USDA Prospective Plantings report showed soybean acres well below expectations and cut ending stocks sharply, which is a bullish supply shock that sent soybean complex futures limit-up. The report was released March 31 but the 4.94% move ends March 30, so the timing is slightly ambiguous.
USDA Prospective Plantings showed soybean acreage (87.6M) well below expectations and cut soybean stocks 31%, triggering limit-up futures and the large 5.12% move.