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Bunge Asia's grains distribution director told the Australian Grains Industry Conference that Asian wheat import demand will rise by 20 million tonnes over the next two decades. He said buyers are increasingly sourcing from Argentina, Russia and Ukraine, and that Australia must prioritize yield to keep its share.
Projected growth in Asian wheat import demand supports longer-term wheat prices and favors Black Sea and Argentine origins, though the outlook is a long-run forecast rather than a near-term supply shock.
graincentral.comLiz WellsAug 2, 2018After 57 past bullish macro events, Wheat (SRW) moved a median +0.3% over 5 sessions (65% higher; middle half -0.5% to +1.7%), and -0.7% over 20.
After 10 past bullish macro events, Wheat (HRW) moved a median +0.8% over 5 sessions (60% higher; middle half -1.9% to +3.1%), and +1.3% 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.
