Loading…
The IGC reported that its September price indices rose, with barley up 8% and wheat up 5% month on month. Year on year, the barley index was up 27% and the wheat index up 15%.
The IGC raised its world grains production estimate by 19 Mt to 2,069 Mt, while forecasting consumption up 7 Mt and trade up 5 Mt.
Global stocks could fall in 2017/18 for the first time in five years, mainly for maize, as demand outpaces supply, which supports barley and wheat prices.
graincentral.comGrain CentralOct 3, 2017After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
