
Grain futures fell sharply after USDA's August WASDE report raised US soybean yield to 51.6 bushels per acre from 48.5 and total production to 4.586 billion bushels, well above trade expectations. Corn and wheat also traded lower, with analysts noting corn and wheat fundamentals are relatively better.
Soybean ending stocks were raised by 205 million bushels.
Larger-than-expected US soybean and corn supplies and higher ending stocks point to lower feed and oilseed meal prices. The surprise yield jump is a major bearish driver for the complex.
历史可比事件尚不足,暂无法给出历史解读。
在过去 1,006 次看跌的报告事件之后,小麦(SRW) 在 5 个交易日内中位数变动 +0.0%(50% 上涨;中间一半区间为 -1.6% 至 +1.8%),20 个交易日内为 +0.3%。
在过去 1,102 次看跌的报告事件之后,玉米 在 5 个交易日内中位数变动 -0.2%(47% 上涨;中间一半区间为 -1.8% 至 +1.3%),20 个交易日内为 +0.0%。
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。
The August 10 WASDE raised soybean yield to 51.6 bpa and production to 4.586 billion bushels, far above trade expectations, which drove the sharp one-day price drop.
Details the WASDE soybean yield increase to 51.6 bpa and production of 4.586 billion bushels, well above trade expectations, which pushed grain futures sharply lower.