MinnStar Bank summarized the May 10 WASDE as mainly bearish for corn and soybeans, with 2018-19 corn ending stocks raised 60 million bushels to 2.095 billion. Corn stocks came in 40 million bushels above average trade estimates, and USDA cut projected corn use by about 300 million bushels from the prior year on lower exports.
Early 2019-20 corn and soybean stocks were described as high.
Higher old-crop and projected new-crop stocks, combined with stalled trade talks, weigh on corn and soybean prices and limit near-term recovery.
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.
Setelah 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.
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.