Caricamento…
The USDA July WASDE set 2020-21 US corn production near 15 billion bushels, in line with expectations after a 5.6 million acre drop in harvested area. Corn ending stocks were cut 675 million bushels to 2.648 billion, while old-crop stocks rose 145 million bushels, and world corn ending stocks fell 22.9 million tonnes to 315 million.
US soybean production came in at 4.135 billion bushels, slightly below trade guesses.
Lower new-crop corn stocks signal tighter supply, but traders still see 2.6 billion bushels as a large burden, so corn prices reacted bearishly. Soybean output slightly below expectations offers modest support for feed meal pricing.
agweek.comMichelle Rook10 lug 2020Dopo 1102 eventi rapporto ribassista passati, Mais si è mosso in mediana di -0,2% in 5 sedute (47% in rialzo; metà centrale da -1,8% a +1,3%), e di +0,0% in 20.
Dopo 563 eventi rapporto neutrale passati, Soia si è mosso in mediana di -0,1% in 5 sedute (48% in rialzo; metà centrale da -1,7% a +1,6%), e di -0,1% in 20.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
Agweek reports a bearish market reaction to the July 10 WASDE, since production was in line with expectations and old-crop stocks rose, so the supply cut was already priced in and selling followed.
