
ADM Investor Services recapped the November 10 USDA report against trade expectations. US corn production came in at 14,507 million bushels versus 14,659 expected, and corn carryout at 1,702 million versus 2,033 expected.
Soybean carryout was 190 million bushels versus 235 expected, while world corn and soybean stocks also came in below estimates.
Carryout numbers well below trade expectations signal a tighter supply balance for corn and soybeans, supporting feed grain and soybean meal prices. Record projected corn exports further drain available supplies.
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 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%。
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。
Corn carryout of 1,702M bushels versus 2,033M expected was a large bullish surprise relative to trade expectations.