December corn fell to a low of $5.12 on Friday after hitting $6.11 on July 1, while soft red wheat and soybeans tumbled, though oats and Minneapolis wheat recovered amid drought in their regions. Drought in the western US has boosted grasshopper populations and rangeland stress for cattle, with ranchers facing the worst feeding conditions since 1977.
Pest concerns including rootworm and Japanese beetles are also noted.
Western drought stressing rangeland could lift demand for supplemental feed and grain, supporting feed prices. Pest pressure adds yield risk, though broad crop conditions keep corn prices under pressure.
Setelah 445 peristiwa cuaca netral sebelumnya, Jagung bergerak median +0,1% selama 5 sesi (52% lebih tinggi; separuh tengah -1,4% sampai +1,6%), dan +0,7% selama 20 sesi.
Setelah 68 peristiwa cuaca bullish sebelumnya, Oat bergerak median -0,8% selama 5 sesi (47% lebih tinggi; separuh tengah -3,6% sampai +3,9%), dan -0,3% selama 20 sesi.
Setelah 334 peristiwa cuaca bearish sebelumnya, Gandum (SRW) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,9% sampai +1,7%), dan -0,2% selama 20 sesi.
Setelah 363 peristiwa cuaca bearish sebelumnya, Kedelai bergerak median -0,6% selama 5 sesi (42% lebih tinggi; separuh tengah -2,5% sampai +1,1%), dan -0,2% 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.
December corn dropped from $6.11 on July 1 to $5.12, reflecting premium unwinding as weather and rain eased crop concerns.
Describes December corn sliding from $6.11 on July 1 to $5.12 by July 9, showing the sharp selloff and sentiment leading into the move, though the date is before the July 14 one-day drop.