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The USDA's October WASDE cut the US soybean yield by half a bushel to 49.5 bushels per acre, which pushed soybean futures up sharply. Canola also rose, though by less.
Concerns over planting delays in South America, linked to possible late-season La Nina and dryness in Mato Grosso, are also supporting values.
A lower US soybean crop and South American weather risk tighten soybean supply and support soybean meal and oil prices. Australian canola stands to benefit from the spillover, though analysts expect only limited gains.
farmonline.com.auGregor Heard15 Okt 2017Setelah 747 peristiwa laporan bullish sebelumnya, Kedelai bergerak median +0,3% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +2,1%), dan +0,8% 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.
