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USDA released its February Crop Production, WASDE, Crop Production Annual Summary, Grain Stocks and Winter Wheat Seedings reports, delayed from January by the government shutdown. 2018 corn production was pegged at 14.4 billion bushels, and a record 4.54 billion bushels of soybeans was harvested.
Soybean stocks were 3.74 billion bushels, up 18% from last year.
Corn production came in below November, which supports old-crop corn prices, while record soybean supplies weigh on the soy complex. Buyers of soybean meal and corn feed should watch how these supplies flow into the spring balance sheet.
dtnpf.comDTN Staff8 Feb 2019Setelah 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.
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.
