
USDA's August WASDE cut its 2023/24 US soybean production estimate by 2.2% to 114 million tonnes due to dry weather. It also lowered US ending stocks by 18.2%.
CBOT soybean futures still fell 0.8% on the day, as the cut was largely expected.
A smaller US crop and lower ending stocks would normally support prices, but the cut was already priced in and Brazil's record crop keeps export competition strong. Prices declined as a result.
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。
Soybeans fell after the WASDE despite the production cut because the cut was largely expected and demand and exports were also lowered, though it cites only a 0.8% fall.