
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.
과거 상승 날씨 이벤트 1,079건 이후, 대두은 5거래일 동안 중앙값 +0.3% 변동(상승 54%; 중간 50% 범위 -1.4%~+2.0%), 20거래일 동안 +0.9%.
과거 상승 날씨 이벤트 1,465건 이후, 옥수수은 5거래일 동안 중앙값 +0.2% 변동(상승 54%; 중간 50% 범위 -1.4%~+1.9%), 20거래일 동안 +0.9%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
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.