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Commodities broker Clayton Pope said the May USDA numbers were less friendly than the trade expected, with old-crop corn carryover down 95 million bushels versus larger expected cuts. He noted that new-crop corn stocks are comfortable and that traders are skeptical of USDA figures.
Traders doubting the report and seeing ample new-crop corn supplies points to limited support for corn prices until the June 30 acreage report.
rrfn.comCarah Hart12 de mai. de 2021Após 1.102 eventos baixista de relatório passados, Milho subiu em mediana -0,2% em 5 sessões (47% de alta; metade central de -1,8% a +1,3%), e +0,0% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Traders said the WASDE was less bullish than expected, with old-crop carryover cut by only 95 million bushels and new-crop stocks comfortable, which supports a sharp sell-off.
