
Corn and soybean futures closed lower on November 9 after the WASDE report showed higher yields and production. Corn fell below $3.45 support after failing at $3.55-3.60, and soybeans moved toward $9.75 support following a large soybean carryout figure.
Analysts expect the weakness to limit farmer selling as U.S. harvest winds down.
Failing key support levels after a bearish report signals lower prices in the near term, and reduced farmer selling could tighten nearby cash supply. Price levels may remain under pressure until a weather problem arises in South America or the U.S.
Setelah 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.
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.