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CBOT wheat futures fell nearly 10% in about a week as fund selling intensified and investors doubted the USDA's US wheat export forecast. Stronger Russian shipments and slower import demand from some major buyers added to the pressure.
Local Australian feed wheat bids also dropped sharply.
Doubts about US export pace and Russian competition push US wheat to some of the cheapest levels globally, which supports a bearish outlook for feed wheat costs. Lower futures feed into lower cash bids for feed buyers.
theland.com.auLloyd George, Ag Scientia27 feb 2019Tras 375 eventos bajista de comercio pasados, Trigo (SRW) se movió una mediana de -0,2 % en 5 sesiones (47% al alza; mitad central entre -2,0 % y +1,1 %), y -0,1 % 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.
