ADM's head of grain trading said wheat prices fell on forecasts of rain in the U.S. northern plains and talk of lower Chinese corn demand, ending a rally driven by dry weather in Brazil. Russia raised its 2021 grain crop estimate, and French and UK wheat conditions improved.
Improved crop ratings in Europe and Russia and expected rain in the U.S. add supply comfort to wheat and corn. Lower Chinese demand talk also reduces import pull, though Brazil's crop losses keep longer-term support.
Tras 334 eventos bajista de clima pasados, Trigo (SRW) se movió una mediana de -0,2 % en 5 sesiones (47% al alza; mitad central entre -1,9 % y +1,7 %), y -0,2 % en 20.
Tras 357 eventos bajista de clima pasados, Maíz se movió una mediana de -0,3 % en 5 sesiones (44% al alza; mitad central entre -2,2 % y +1,3 %), y -0,5 % 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 fell on rain forecasts for the northern plains, a higher Russian crop estimate and better French and UK crop conditions, which pointed to larger supply.
Rain forecasts for the northern plains, a larger Russian crop estimate, improved EU wheat conditions and weaker Chinese demand talk all reduce supply-risk premium for wheat.