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Russian wheat prices in deep-sea ports rose $3 to $247/mt FOB, the first increase since the early-March sell-off. The rise followed higher global benchmarks, supported by dry weather in North American spring wheat areas and cold in the Midwest.
Analysts say a major escalation of Russia-Ukraine tensions is unlikely but would be bullish if it reached 2014 levels.
Weather-driven gains in global wheat benchmarks lift Black Sea offers, which raises the cost of wheat for feed use. Continued dryness in key spring wheat regions would support prices further.
blog.sizov.reportAndrey Sizov19 abr 2021Tras 1072 eventos alcista de clima pasados, Trigo (SRW) se movió una mediana de +0,2 % en 5 sesiones (55% al alza; mitad central entre -1,4 % y +2,3 %), y +0,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
