Brazil's crop agency Conab cut its 2017-18 corn crop forecast to 82.18 million tonnes from 82.93 million in July, due to adverse weather in key regions. The safrinha second crop was trimmed to 55.34 million tonnes, and exports were held at 30 million tonnes.
A smaller Brazilian corn crop tightens export supply and supports international corn prices, with Brazil competing for export share against the US and Argentina. The lower outlook also raises the likelihood of Brazil relying on import substitution for domestic feed demand.
Setelah 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.
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.