
Texas A&M's Mark Welch reports that the November WASDE cut US corn production by 118 million bushels, with yield falling to 167 bushels per acre, 3% below trend. Demand was also lowered, with feed, ethanol and exports each reduced, and ending stocks fell about 19 million bushels.
The lower production estimate tightens US ending stocks and lifts the projected season-average farm price to $3.85, above the Price Loss Coverage trigger. Lower global stocks, with days of use at their lowest since 2012 excluding China, add support to prices.
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.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
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.