
Grain futures fell sharply after USDA's August WASDE report raised US soybean yield to 51.6 bushels per acre from 48.5 and total production to 4.586 billion bushels, well above trade expectations. Corn and wheat also traded lower, with analysts noting corn and wheat fundamentals are relatively better.
Soybean ending stocks were raised by 205 million bushels.
Larger-than-expected US soybean and corn supplies and higher ending stocks point to lower feed and oilseed meal prices. The surprise yield jump is a major bearish driver for the complex.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 1.006 peristiwa laporan bearish sebelumnya, Gandum (SRW) bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -1,6% sampai +1,8%), dan +0,3% selama 20 sesi.
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.
The August 10 WASDE raised soybean yield to 51.6 bpa and production to 4.586 billion bushels, far above trade expectations, which drove the sharp one-day price drop.
Details the WASDE soybean yield increase to 51.6 bpa and production of 4.586 billion bushels, well above trade expectations, which pushed grain futures sharply lower.