
U.S. corn was only 55% good or excellent as of June 18, the worst week since 1992 and the lowest for any June or July week since 2012. December corn hit a new yearly high of $6.29-3/4 per bushel on Wednesday, surpassing the prior high of $6.11 set January 3.
Funds have since reduced short positions as weather forecasts brought rain hopes, and December corn and November soybeans fell 1.6% and 2.4% over the last three sessions.
Poor crop conditions threaten yields from a tight old-crop stock base, which supports corn and soybean prices. Forecast rain eased prices short term, but yield risk remains a bullish factor for feed costs.
過去の強気な天候イベント1,079件の後、大豆 は5営業日で中央値 +0.3% 動き(54% が上昇。中央50%は -1.4% から +2.0%)、20営業日では +0.9% 動きました。
過去の強気な天候イベント1,465件の後、トウモロコシ は5営業日で中央値 +0.2% 動き(54% が上昇。中央50%は -1.4% から +1.9%)、20営業日では +0.9% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Reuters notes December corn hit a yearly high June 21 then fell as rain forecasts eased weather fears and funds covered shorts, showing the weather premium was being unwound ahead of the period end.