
USDA put December 1, 2020 U.S. corn stocks at 11.322 billion bushels, well below the trade average of 11.951 billion and the lowest estimate of 11.59 billion. The column says this was the largest miss in Dec.
1 stocks since at least 2005 and that such revisions make USDA numbers harder to forecast.
A stocks figure far below expectations means less corn available than the market assumed, which supports corn prices. Greater unpredictability in USDA data also raises risk premiums for feed 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.
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.