
Grain futures closed lower on May 16, 2023, with corn down nearly 2% and soybeans down 2.5%, while most wheat contracts also fell. Favorable Midwest rainfall supports high yield potential, and Brazil's record safrinha corn crop nears harvest.
July corn dropped 10.75 cents to $5.8175.
Good U.S. growing conditions and large Brazilian supplies increase competition in export markets, pressuring corn and soybean prices.
Setelah 357 peristiwa cuaca bearish sebelumnya, Jagung bergerak median -0,3% selama 5 sesi (44% lebih tinggi; separuh tengah -2,2% sampai +1,3%), dan -0,5% selama 20 sesi.
Setelah 363 peristiwa cuaca bearish sebelumnya, Kedelai bergerak median -0,6% selama 5 sesi (42% lebih tinggi; separuh tengah -2,5% sampai +1,1%), dan -0,2% selama 20 sesi.
Setelah 334 peristiwa cuaca bearish sebelumnya, Gandum (SRW) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,9% sampai +1,7%), dan -0,2% 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.
Soybeans fell 2.5% on May 16 as favorable Midwest rain boosted yield prospects and Brazil's large crops added supply pressure.
Corn fell nearly 2% on May 16 on favorable Midwest rain and Brazil's record safrinha crop nearing harvest.
On May 16 favorable Midwest rain and Brazil's record safrinha crop pushed corn lower, adding to supply expectations.