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A University of Arkansas report says COVID-19 lockdowns cut global demand for corn and cotton, with cotton futures down as much as 25 percent at points. The Renewable Fuel Association estimated biofuel demand would fall 20-25 percent in the short term, reducing ethanol-linked corn demand.
Lower ethanol and energy-linked demand removes a large share of corn usage, so prices have reset at lower levels. Feed buyers should expect corn to remain under pressure while energy demand stays weak.
在过去 301 次看跌的宏观事件之后,玉米 在 5 个交易日内中位数变动 -0.1%(47% 上涨;中间一半区间为 -2.2% 至 +1.3%),20 个交易日内为 +0.2%。
在过去 565 次看跌的宏观事件之后,原油(WTI) 在 5 个交易日内中位数变动 -1.4%(41% 上涨;中间一半区间为 -5.9% 至 +3.0%),20 个交易日内为 -0.5%。
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。