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USDA's September report put 2017 spring wheat production at 416.2 million bushels, above the average pre-report estimate and the August figure. December spring wheat futures fell 21.25 cents after the release, though they held above the prior week's low.
Larger-than-expected northern spring wheat supply after drought losses is bearish for wheat prices and eases feed wheat substitution demand.
dtnpf.comCliff Jamieson29 sept 2017Tras 1006 eventos bajista de informe pasados, Trigo (SRW) se movió una mediana de +0,0 % en 5 sesiones (50% al alza; mitad central entre -1,6 % y +1,8 %), y +0,3 % en 20.
Tras 138 eventos bajista de informe pasados, Trigo (HRW) se movió una mediana de +0,0 % en 5 sesiones (50% al alza; mitad central entre -2,9 % y +2,4 %), 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.
USDA's September small grains report raised spring wheat production to 416.2M bu, above estimates, and December spring wheat futures dropped 21.25 cents, which spilled over into SRW.
The USDA spring wheat estimate came in above expectations and December spring wheat fell 21.25 cents, adding bearish supply pressure that carried into the next trading day.
