
The July WASDE came in well off pre-report expectations, with 2024-25 U.S. corn ending stocks at 2.097 billion bushels versus a 2.272 billion trade average. U.S. all-wheat production was put at 2.008 billion bushels, above the trade range, and soybean ending stocks for both crop years came in below average expectations.
The corn and soybean stock misses are bullish relative to what the market had priced in, while the larger wheat crop adds supply pressure. Buyers should expect firmer corn and soymeal costs and weaker wheat as the market adjusts.
在过去 1,040 次看涨的报告事件之后,玉米 在 5 个交易日内中位数变动 +0.5%(62% 上涨;中间一半区间为 -0.9% 至 +2.0%),20 个交易日内为 +0.8%。
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 1,006 次看跌的报告事件之后,小麦(SRW) 在 5 个交易日内中位数变动 +0.0%(50% 上涨;中间一半区间为 -1.6% 至 +1.8%),20 个交易日内为 +0.3%。
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。