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Wheat began the week under pressure after Russia's agriculture minister said 1.5 million tons of grain would be released from reserves. Southern Plains rains were favorable for wheat, and a USDA sale of 120,000 tons of spring wheat to Bangladesh lifted prices briefly.
Russian reserve sales add export supply and pressure wheat prices, while sales to Bangladesh provide modest demand support. Wheat competes with corn in feed rations, so these moves matter for feed costs.
agweek.comRay Grabanski, Progressive Ag14 oct 2018Tras 122 eventos bajista de política pasados, WHEAT se movió una mediana de -0,3 % en 5 sesiones (44% al alza; mitad central entre -1,9 % y +1,2 %), y +0,4 % en 20.
Tras 72 eventos de política pasados, KWHEAT se movió una mediana de -1,2 % en 5 sesiones (38% al alza; mitad central entre -3,0 % y +1,6 %), y -0,8 % 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.
Wheat opened the week of Oct 8-12 under pressure from Russia's release of 1.5 mln t of reserves, while the USDA Bangladesh sale briefly lifted prices; it explains volatility in the window.
