The May WASDE put U.S. hard red winter wheat production at 515 million bushels, the lowest since 1957. Total U.S. all-wheat production was estimated at 1.561 billion bushels, down more than 300 million from the prior year, driven by Plains drought.
A historically small HRW crop tightens supplies of the variety used in many feed and milling blends and supports wheat prices, especially for hard red classes.
Setelah 180 peristiwa laporan bullish sebelumnya, Gandum (HRW) bergerak median +0,4% selama 5 sesi (53% lebih tinggi; separuh tengah -2,1% sampai +3,7%), dan -0,6% selama 20 sesi.
Setelah 769 peristiwa laporan bullish sebelumnya, Gandum (SRW) bergerak median +0,2% selama 5 sesi (53% lebih tinggi; separuh tengah -1,4% sampai +2,0%), dan +0,2% 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.
HRW production at 515 mil bu, the lowest since 1957, is the key supply shock for the HRW contract.
HRW output at its lowest since 1957 highlights the supply loss that drove prices.