Global wheat prices rose further as dryness in Argentina, southern Russia and Ukraine hampered crop establishment, and Ukraine cut its 2020 wheat harvest forecast to 25.1 million t. Egypt bought about 650,000 t, mainly Russian wheat, and Romania was reported to be considering halting exports.
Drought-related crop cuts in major exporters and strong import demand tighten global wheat supplies, which supports export prices and firms European and UK feed wheat values.
Setelah 1.072 peristiwa cuaca bullish sebelumnya, Gandum (SRW) bergerak median +0,2% selama 5 sesi (55% lebih tinggi; separuh tengah -1,4% sampai +2,3%), dan +0,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Dryness in Argentina, southern Russia and Ukraine, a lower Ukrainian harvest forecast and Romanian export-ban talk lifted global wheat prices into the 9/28 move, a supply-side driver.