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Soybeans and corn posted their first lower weekly closes in weeks on March 12. Analysts said traders were disappointed that USDA's March WASDE made no changes to U.S. ending stocks, despite strong exports.
A small increase to Brazil's soybean crop was offset by drought-related cuts in Argentina.
Unchanged U.S. ending stocks despite strong exports leaves the market without new bullish input, so prices may drift lower until USDA adjusts balance sheets.
agweek.comMichelle Rook12 Mar 2021Setelah 788 peristiwa laporan bearish sebelumnya, Kedelai bergerak median -0,3% selama 5 sesi (47% lebih tinggi; separuh tengah -2,0% sampai +1,5%), dan -0,9% selama 20 sesi.
Setelah 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.
Corn posted its first lower weekly close in weeks on March 12 as traders were disappointed that USDA's WASDE left U.S. ending stocks unchanged, a sentiment-driven selloff.
Corn and soybeans posted lower weekly closes as traders were disappointed by unchanged US ending stocks, signaling bullish sentiment fading.
