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Argentine WMP export prices rose 4.46% as exports to Algeria increased and stocks tightened. Argentine milk output rose 6.46% year on year in March, while Brazilian milk production fell and processors faced supply shortfalls.
Tight South American powder stocks and rising export prices support global milk powder values, though a weaker Brazilian milk supply limits regional output.
news.clal.itCLAL TeamJun 3, 2020After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% 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.
