Loading…
Argentina's winter wheat harvest is progressing, with yields improving as harvesting moved south. Output is tracking toward a record, with the Rosario exchange raising its forecast to 22.1 million tonnes and the Buenos Aires exchange likely to revise its 21 million tonne estimate upward.
A larger Argentine wheat crop adds exportable supply to global markets, which pressures wheat prices. Buyers can expect ample competitive wheat supplies.
theland.com.auGrain Brokers AustraliaDec 21, 2021After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
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.
