CBOT corn rallies to 3-month-plus high on US stockpiles estimates
USDA says US stockpiles of corn, soybeans reach four-year highs
Soybean, corn stocks numbers short of analysts' expectations
Wheat firms, poor harvest weather in view
Updates paragraphs 8 and 9; updates bullets; adds market closing prices
By P.J. Huffstutter
CHICAGO, Sept 30 (Reuters) -Chicago Board of Trade corn futures Cv1 rallied to a more than three-month high on Monday on news of massive U.S. corn stocks that still fell short of trade expectations, market analysts said.
Corn stocks were 1.76 billion bushels as of Sept. 1, up 29% from a year earlier and reaching a four-year high, the U.S. Department of Agriculture said in a quarterly report released early on Monday.
But analysts had expected 1.844 billion bushels of corn, a Reuters poll showed.
Market analysts said USDA's report appeared to reflect stronger-than-expected grain demand, including recent corn export demand from Mexico.
"I think in the big picture, the ending stocks on corn are getting smaller, not larger. So that means you balance back to the upside, not the downside," said Don Roose, president of U.S. Commodities Inc in West Des Moines, Iowa.
CBOT most-active corn Cv1 settled up 6-3/4 cents at $4.24-3/4 a bushel. Earlier in the session, the contract touched $4.27-3/4 a bushel, the highest price since June 28.
The USDA's September quarterly grain stocks estimates and annual small grains reports wereexpected to show some of the biggest U.S. inventories in four years. But the September stock estimate report has often surprised markets.
CBOT wheat futures Wv1 ended up 4 cents at $5.84 a bushel, amid ongoing concerns about poor weather hurting global output and after USDA lowered U.S. wheat production from its previous forecast, market analysts said.
Soybean futures had a choppy day of trading, after USDA reported that Sept. 1 soybean stocks hit a four-year high. But like corn, soybean stocks fell below trade expectations.
CBOT soybeans Sv1 settled down 8-3/4 cents at $10.57 a bushel.
Soybeans hit their highest price in two months on Friday as Hurricane Helene damaged crops and infrastructure in the U.S. Gulf Coast region.
Additional reporting by Renee Hickman in Chicago, Michael Hogan in Hamburg and Peter Hobson in Canberra; Editing by Sherry Jacob-Phillips, Eileen Soreng, Richard Chang and Leslie Adler
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
