
The November WASDE cut global corn stocks by 9 million tonnes, soybeans by 2.2 million tonnes and wheat by 1 million tonnes, with most reductions in the US. USDA also cut Ukrainian corn production by 8 million tonnes and EU production by 2 million tonnes, and corn and soybean prices rallied after the release.
Lower global corn and wheat stocks, especially from Ukraine and the EU, tighten export supplies and support feed grain prices. The price forecast commentary suggests the market has already priced in much of the bullish surprise.
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 769 次看涨的报告事件之后,小麦(SRW) 在 5 个交易日内中位数变动 +0.2%(53% 上涨;中间一半区间为 -1.4% 至 +2.0%),20 个交易日内为 +0.2%。
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。
Global corn stocks were cut by 9 Mt, including lower Ukrainian and EU output, and prices rallied after the release.