
Corn prices fell to a three-year low of $4.68 after the USDA WASDE report projected US corn production rising to 15.2 billion bushels, 170 million above the prior estimate. Yield was raised to 174.9 bushels per acre and exports were raised by 50 million bushels to 2.1 billion.
A larger US crop and higher export forecast signal ample corn supplies, pressuring corn prices and lowering feed grain costs for buyers.
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.