Carregando…
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.
mintecglobal.comRoxanne Nikoro14 de ago. de 2023Após 788 eventos baixista de relatório passados, Soja em grão subiu em mediana -0,3% em 5 sessões (47% de alta; metade central de -2,0% a +1,5%), e -0,9% 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.
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.
