Wheat prices fell sharply on bigger-than-expected harvests in Russia and neighbouring countries. Egypt's state buyer contracted 355,000 t of wheat from Russia and Ukraine for September delivery, and Tunisia, the Philippines, Thailand and Iraq are reported to be interested in tenders.
Cheaper Black Sea wheat and a wave of import tenders from major buyers add demand to a well-supplied market. This is likely to support export volumes from Russia and Ukraine and keep global wheat prices subdued.
Setelah 375 peristiwa perdagangan bearish sebelumnya, Gandum (SRW) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -2,0% sampai +1,1%), dan -0,1% 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.
Bigger-than-expected Russian and regional harvests pushed international prices lower and let Egypt buy cheap Black Sea wheat, which undercuts US export competitiveness and adds bearish supply pressure.