
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.
과거 하락 보고서 이벤트 788건 이후, 대두은 5거래일 동안 중앙값 -0.3% 변동(상승 47%; 중간 50% 범위 -2.0%~+1.5%), 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.
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.