
Grain prices plummeted, with corn down nearly 6 percent as funds exited positions after U.S. crop prospects improved. USDA data showed the corn crop rated unchanged at 75 percent good or excellent.
Forecasts pointed to wetter, cooler weather in July, reducing the likelihood of hot, dry conditions.
Better crop ratings and a lower risk of heat during pollination reduce expected U.S. corn supply risk. Fund liquidation adds downward price pressure on top of the improved fundamentals.
Setelah 357 peristiwa cuaca bearish sebelumnya, Jagung bergerak median -0,3% selama 5 sesi (44% lebih tinggi; separuh tengah -2,2% sampai +1,3%), 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.