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Oklahoma State's Todd Hubbs says USDA's May reports jolted hard red winter wheat markets, with production well below expectations. July HRW futures hit $7.50 before fading to around $6.90, and a Kansas crop tour pegged yield at 38.9 bushels per acre versus USDA's 37.
He also cites a disputed announcement that China agreed to buy $17 billion of farm products.
Crop tour yields above USDA's estimate could cap HRW rallies. The unverified China purchase pledge adds uncertainty to demand and price direction.
oklahomafarmreport.comKC Sheperd19 Mei 2026Setelah 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.
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.
