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March 2017 corn futures fell 9.25 cents to close at $3.49 on December 1 after USDA's Baseline projections were released. The Baseline showed US planted corn acreage falling to 90 million acres for 2017 and 2017/18 ending stocks of 2,298 million bushels.
Those stocks remain among the largest in 30 years.
Large projected US carryout and lower-than-hoped acreage reduction keep the supply cushion heavy, which weighs on corn prices. Feed buyers face continued price pressure unless yield or demand surprises emerge.
seeitmarket.comMarcus Ludtke5 Des 2016Setelah 1.102 peristiwa laporan bearish sebelumnya, Jagung bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,8% sampai +1,3%), dan +0,0% 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.
