
July corn fell to $4.17 1/2 and soybeans lost 65 1/4 cents for the week. Corn futures are at oversold levels, but the 30-day Corn Belt forecast calls for regular showers and mostly favorable planting conditions.
Analysts expect most of the US corn crop to be rated in good condition.
Favorable Corn Belt weather and good crop ratings point to ample supply, keeping corn and soybean prices under pressure.
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.
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.
Favorable 30-day Corn Belt forecast and good crop condition expectations support higher supply outlook and weekly losses.
Weekly soybean loss of 65 cents with favorable planting forecasts reflects the weather-driven supply outlook.