Laden…
The August WASDE surprised markets with a smaller corn acreage decline than pre-report estimates, and CBOT December corn fell 24.4 cents to a low of $3.706 per bushel. USDA raised its ending stocks estimate by 8.5%, to 2,181 million bushels, and lifted its wheat yield to 51.6 bushels per acre.
KC HRW wheat fell 24.8 cents on Monday before partly recovering.
The larger-than-expected corn supply and higher stocks outlook pressure corn and wheat prices. Feed buyers face lower corn costs, while the market watches export sales for support.
agrilife.orgjustin.benavidez14 aug 2019Na 1.102 eerdere neerwaarts rapport-gebeurtenissen bewoog Maïs zich mediaan -0,2% over 5 sessies (47% hoger; middelste helft -1,8% tot +1,3%), en +0,0% over 20.
Na 138 eerdere neerwaarts rapport-gebeurtenissen bewoog Tarwe (HRW) zich mediaan +0,0% over 5 sessies (50% hoger; middelste helft -2,9% tot +2,4%), en +0,5% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
It reports KC HRW wheat falling 24.8 cents on the WASDE Monday, driven by higher corn stocks and a raised US wheat yield, which matches the size of the move, though it was published later and describes the same event as the WASDE.
