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USDA's September WASDE cut the corn yield but raised harvested acreage to the highest since 1933, producing a bigger-than-expected crop. Corn futures initially fell before rallying more than 2%, and USDA also raised its corn export forecast as importers such as Mexico buy cheap US grain.
Larger export demand from Mexico and other buyers partly offsets the bearish acreage surprise, supporting corn prices.
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%。
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。
The yield cut and higher export forecast caused corn to reverse from early losses and rally more than 2%.