US and EU wheat prices fell this week, with US markets moving back toward recent contract lows. ABARES forecast Australian wheat output down 42% to 20.3 million tonnes, and Statistics Canada put Canadian wheat output near 30 million tonnes, above trade expectations.
A larger-than-expected Canadian crop and continued EU sales from Black Sea exporters outweigh the Australian shortfall, keeping wheat prices under pressure.
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.
Weekly reports showed US wheat sliding toward contract lows with Canadian output above expectations, which reinforced bearish sentiment into the 12-11 session.