The corn spot price rose sharply in May as USDA crop progress reports showed planting falling behind multi-year averages. By early June, prices were nearly a dollar above early-May levels, an increase of over 20 percent and the highest since June 2016.
Only about 67 percent of expected 2019 corn acres were planted by the first week of June.
Slow planting raises the risk of prevented or late-planted acres, which tightens expected supply and supports corn prices. Higher corn costs also squeeze feed margins for livestock buyers.
Setelah 1.465 peristiwa cuaca bullish sebelumnya, Jagung bergerak median +0,2% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +1,9%), dan +0,9% 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.