CBH Group expects steady to firm Australian wheat, barley and canola markets into harvest. Smaller EU crops, down about 18Mt, and a Black Sea crop down 3-4Mt are tightening global supply.
Russia's larger crop is mostly far north of Black Sea ports, which limits its export competitiveness.
Lower EU and Black Sea output increases demand for Australian wheat and barley during the December to June shipping window, supporting export values. Barley's upside is capped somewhat by competition from corn in feed markets.
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.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
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.
CBH on the day flagged smaller EU and Black Sea crops tightening global supply, a firm supply-side signal consistent with a sharp barley price rise.