
Purdue analysts discussed the USDA June report, which projects soybean oil biofuel use up 26% from 2020 marketing year. Soybean ending stocks remain tight, at under 3% of usage for 2020 and about 3% projected for 2021.
Most analysts expect planted acreage to exceed the USDA's original estimate.
Biofuel demand now makes soybean oil and soybeans more sensitive to biofuel policy, and higher-than-expected acreage would add supply and pressure prices. Downside price risk is building in both corn and soybeans.
在过去 296 次看涨的报告事件之后,豆油 在 5 个交易日内中位数变动 -0.0%(49% 上涨;中间一半区间为 -1.8% 至 +2.0%),20 个交易日内为 -0.5%。
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%。
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%。
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。