Soybean futures dropped after the midday release of USDA's February report, which cut the Argentine soybean crop by 1.5 million metric tons, less than the 2.5 million expected. USDA also did not raise its U.S. soybean export target, and analysts said the export pace is already ahead of that target.
A smaller-than-expected cut to Argentine output and an unchanged U.S. export target leave soybean supplies looser than the market wanted, which weighs on prices. Corn stock and China demand changes were smaller factors.
Setelah 788 peristiwa laporan bearish sebelumnya, Kedelai bergerak median -0,3% selama 5 sesi (47% lebih tinggi; separuh tengah -2,0% sampai +1,5%), dan -0,9% 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.