DTN analysis of USDA's May WASDE finds the 2023/24 corn stocks-to-use ratio at 13.8%, the highest old-crop May ratio since 2020, and the 2024/25 soybean ratio at 10.2%, the highest initial forecast since 2019. Corn planting is seen down 4.6 million acres on a record yield forecast of 181 bushels per acre, with tepid demand pointing to a carryout above 2.0 billion bushels.
Higher stocks-to-use ratios signal ample U.S. supply and weaker prices for corn and soybeans unless demand or weather changes. Limited Chinese purchases add to the bearish case.
在过去 1,102 次看跌的报告事件之后,玉米 在 5 个交易日内中位数变动 -0.2%(47% 上涨;中间一半区间为 -1.8% 至 +1.3%),20 个交易日内为 +0.0%。
在过去 788 次看跌的报告事件之后,大豆 在 5 个交易日内中位数变动 -0.3%(47% 上涨;中间一半区间为 -2.0% 至 +1.5%),20 个交易日内为 -0.9%。
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。