
USDA's August WASDE cut its 2023/24 US soybean production estimate by 2.2% to 114 million tonnes due to dry weather. It also lowered US ending stocks by 18.2%.
CBOT soybean futures still fell 0.8% on the day, as the cut was largely expected.
A smaller US crop and lower ending stocks would normally support prices, but the cut was already priced in and Brazil's record crop keeps export competition strong. Prices declined as a result.
過去の弱気なレポートイベント788件の後、大豆 は5営業日で中央値 -0.3% 動き(47% が上昇。中央50%は -2.0% から +1.5%)、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。
Soybeans fell after the WASDE despite the production cut because the cut was largely expected and demand and exports were also lowered, though it cites only a 0.8% fall.