The USDA announced nearly 4 million metric tons of corn sold to China in the past week. The sales came as high-level U.S.-China talks began, and commentary notes that vegetable oil prices have risen sharply on tight supply and a proposed U.S. clean energy push.
Soybean oil has gained over 30% since January 1.
Large Chinese corn purchases tighten U.S. export supplies and support corn prices. Strong soybean oil demand from biofuel expectations also supports prices in the oilseed complex.
Setelah 729 peristiwa perdagangan bullish sebelumnya, Jagung bergerak median +0,4% selama 5 sesi (56% lebih tinggi; separuh tengah -1,1% sampai +1,8%), dan +0,5% selama 20 sesi.
Setelah 224 peristiwa perdagangan bullish sebelumnya, Minyak Kedelai bergerak median +0,4% selama 5 sesi (54% lebih tinggi; separuh tengah -1,5% sampai +2,1%), 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.
USDA announced nearly 4 mt of corn sold to China in one week, a major export demand shock that supported futures.