
European Euronext September milling wheat fell 1.1% to 181.50 euros a tonne, a near three-month low, on ample global supply and a stronger euro. USDA raised world ending stocks to a record 316.1 million tonnes, and Russian consultancies raised their wheat harvest forecasts.
Rain in Germany eased dryness concerns, although the MARS service cut its EU soft wheat yield estimate.
Record world stocks and higher Russian crop forecasts add export competition and weigh on global wheat prices, which lowers feed wheat costs. The EU yield cut limits the downside somewhat.
Setelah 1.006 peristiwa laporan bearish sebelumnya, Gandum (SRW) bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -1,6% sampai +1,8%), 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.