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Corn prices are falling after a bearish May 2023 WASDE report, with December futures closing at $5.08 on May 12. USDA forecasts 2023-24 U.S. corn ending stocks of 56.43 million tonnes, and analysts expect prices to drop below $5, with StoneX seeing farm prices as low as $4.35.
Projected large ending stocks signal ample corn supplies ahead, pointing to lower feed corn prices and reduced cost pressure for feed buyers.
ukragroconsult.com2023. 5. 17.과거 하락 보고서 이벤트 1,102건 이후, 옥수수은 5거래일 동안 중앙값 -0.2% 변동(상승 47%; 중간 50% 범위 -1.8%~+1.3%), 20거래일 동안 +0.0%.
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.
Describes corn December futures falling to $5.08 on May 12 after the bearish WASDE, with analysts expecting further declines, which confirms the report-driven move.
Analysts expected prices to fall below $5 following bearish WASDE, reflecting sentiment and supply outlook.
