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Milk futures on the CME rose after USDA's Prospective Plantings and Grain Stocks reports were released, with April Class III up 43 cents to $17.60. Cash dairy was mixed, with blocks slightly lower and butter down half a cent, while barrels and nonfat dry milk edged higher.
The USDA report release triggered a rally in forward Class III contracts, which signals stronger expected milk revenue. Mixed cash prices suggest the futures move is partly speculative.
brownfieldagnews.comNicole Heslip31 de mar. de 2021brownfieldagnews.comNicole Heslip30 de mar. de 2021Após 237 eventos altista de relatório passados, Leite (Classe III) subiu em mediana +0,0% em 5 sessões (51% de alta; metade central de -0,3% a +0,6%), e +1,2% 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.
Same-day CME report: April Class III futures rose 43 cents to $17.60 after USDA's Prospective Plantings and Grain Stocks reports, which directly links the move to futures price action and grain-driven sentiment.
Class III futures rose after USDA's Prospective Plantings and Grain Stocks reports, adding to upward momentum and reflecting feed-cost and sentiment effects just before the large move.
