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Corn futures rose 9 to 13 cents on Thursday, closing near intraday highs. The USDA reported a 152,000 MT old-crop corn sale to undisclosed buyers and old-crop weekly export sales of 1.181 MMT, at the high end of expectations.
Census data showed April US corn exports up 28% year on year.
Strong US export sales and shipments with limited Brazilian supply until second-crop harvest reaches ports support nearby corn prices.
sorafutures.comYuki7 Jun 2024Setelah 729 peristiwa perdagangan bullish sebelumnya, Jagung bergerak median +0,4% selama 5 sesi (56% lebih tinggi; separuh tengah -1,1% sampai +1,8%), dan +0,5% 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.
Old-crop export sales at the high end of expectations and April exports up 28% year on year point to strong demand, supporting the rally.
