报道中国购买利息后，谷物价格上涨

美国农业部报告：贸易期望

• USDA计划在本周五发布其10月的月度报告。
• The average trade expectation for corn yield is 177.7 bushels per acre, down from 178.5 last month.
• 预计玉米总产量的平均为148.15亿蒲式耳，贸易预计预期为2,1.12亿蒲式耳。
• Soybean yield is expected to be slightly lower with an average projection of 51.5 bushels per acre compared with 51.6 bushels last month.
• 大豆的产量预计为42.71亿蒲式耳，随身携带3.52亿蒲式耳。
• 小麦结局的股票预计为8.87亿蒲式耳，低于上个月的9.25亿。
• 高地棉花生产的平均预测从上个月的1,710万美元降至1674万包，结束股票为679万

FBN’s付出什么意思:令人惊讶的9月1日股票减少商店uld show up again in this report as the lower carry-in is expected to flow through to decreased ending stocks for 2020/21. If this year’s corn crop is just a little less than expected, the potential for ending stocks below 2,000 million bushel could be a very real possibility. In soybeans the wild card is likely demand and whether USDA forecasts China’s buying surge to continue. Overall, the tightening stocks situation is expected to continue to be supportive to prices.

记录八月向中国出口

• Corn shipments to China were a record 1.2 million tonnes in August, above the 951,600 tonnes in October 1995.
• 8月，美国向中国的棉花出口总计154,024吨，这是自2013年3月以来的任何一个月。
• 大豆到中国，没有去年的本月记录，下降了11％，达到245万吨。
• 八月份的猪肉出口是该月的59,922吨的记录，但比7月份下降了14％，至10个月的低点。
• 截至8月，2020年AG出口价值为107亿美元，比2017年的同一点低13％。

FBN’s付出什么意思：China is still behind on commitments in the Phase 1 trade agreement that implied China would buy at least $36.5 billion worth of U.S. farm products in 2020, around 50% more than three years earlier. Export inspection data suggest that soybean shipments to China in September were a record, likely above 4 million tonnes. Though China may not be able to reach buying levels set forth in Phase 1, their increased demand is still expected to help buoy prices

FBN市场咨询服务由FBN BR LLC，DBA FBN经纪，FBN BR和FBN市场咨询（NFA ID：0508695）提供
交易期货和期权的风险可能很大，可能不适合所有投资者。过去的表现不一定表明未来的结果。
这不是我们无授权开展业务或此类或招标的任何司法管辖区的要约或征求，这与该管辖区的当地法律和法规背道而驰，包括但不限于居住在澳大利亚和加拿大的人。

-凯文·麦克纽（Kevin McNew）