USDA's Oct. 24 GAIN report projects Argentina's 2018-19 corn crop at 41.5 million tonnes, about 500,000 tonnes higher than previously estimated and well above the drought-hit 32 million tonnes of 2017-18.
Corn exports are forecast at 26 million tonnes, 1 million lower than before. Brokers expect shipments to slow from November to February as they face strong U.S. competition.
A larger Argentine corn crop with lower exports adds supply but reduces export competition with the US pricing in the near term. Slower Argentine shipments from November to February could support US corn export demand.
Setelah 770 peristiwa laporan netral sebelumnya, Jagung bergerak median +0,2% selama 5 sesi (54% lebih tinggi; separuh tengah -1,1% sampai +1,6%), dan +0,7% selama 20 sesi.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
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.