
The August WASDE surprised markets with a smaller corn acreage decline than pre-report estimates, and CBOT December corn fell 24.4 cents to a low of $3.706 per bushel. USDA raised its ending stocks estimate by 8.5%, to 2,181 million bushels, and lifted its wheat yield to 51.6 bushels per acre.
KC HRW wheat fell 24.8 cents on Monday before partly recovering.
The larger-than-expected corn supply and higher stocks outlook pressure corn and wheat prices. Feed buyers face lower corn costs, while the market watches export sales for support.
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 138 peristiwa laporan bearish sebelumnya, Gandum (HRW) bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -2,9% sampai +2,4%), dan +0,5% 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.
It reports KC HRW wheat falling 24.8 cents on the WASDE Monday, driven by higher corn stocks and a raised US wheat yield, which matches the size of the move, though it was published later and describes the same event as the WASDE.