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USDA's Beijing office projected China's 2020/21 corn imports at a record 28 million metric tons, driven by a need to rebuild hog herds after African swine fever. It also forecast China's 2021/22 corn purchases would fall to 15 million tons as Beijing leans on wheat and rice stocks.
Corn futures rose above $6 a bushel to their highest level in almost eight years.
Record Chinese import demand tightens global corn supplies and supports prices for US feed grains. The forecast drop for next season is a partial offset that limits how far the rally can run.
farmpolicynews.illinois.eduKeith Good22 Apr 2021Setelah 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.
Setelah 375 peristiwa perdagangan bearish sebelumnya, Gandum (SRW) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -2,0% sampai +1,1%), dan -0,1% 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.
