
USDA's November report lowered the soybean crop by 23 million bushels, while traders expected a 36-million-bushel increase. USDA raised the corn crop by 43 million bushels to 15.062 billion, with yield at a record 177.0 bushels per acre.
Soybean futures rallied more than 25 cents after the report.
A smaller-than-expected soybean crop tightens US supply for crushers and meal buyers, supporting soybean and soybean meal prices, while record corn output limits corn gains.
在过去 747 次看涨的报告事件之后,大豆 在 5 个交易日内中位数变动 +0.3%(54% 上涨;中间一半区间为 -1.4% 至 +2.1%),20 个交易日内为 +0.8%。
在过去 414 次看涨的报告事件之后,豆粕 在 5 个交易日内中位数变动 -0.1%(48% 上涨;中间一半区间为 -2.1% 至 +2.3%),20 个交易日内为 +0.3%。
在过去 770 次中性的报告事件之后,玉米 在 5 个交易日内中位数变动 +0.2%(54% 上涨;中间一半区间为 -1.1% 至 +1.6%),20 个交易日内为 +0.7%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。
Reaction piece describes the crop estimate cut versus an expected rise of 36 million bushels and a soybean rally of more than 25 cents, confirming the surprise supply shock, though it is dated a day later.