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Wheat futures reversed a prior rally, losing almost all gains from the previous week as forecasts improved for US corn states, and rains fell over the EU, Russia and Australia. December SRW fell more than 100 cents in six sessions after rallying about 115 cents, while HRW held its trading range.
Improved rainfall forecasts reduce production risk across major exporters, easing wheat and corn prices. Lower feed grain costs help buyers, though the market remains sensitive to weather.
farmonline.com.auNathan Cattle, Clear Grain Exchange28 Jul 2023Setelah 334 peristiwa cuaca bearish sebelumnya, Gandum (SRW) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,9% sampai +1,7%), dan -0,2% selama 20 sesi.
Setelah 70 peristiwa cuaca bearish sebelumnya, Gandum (HRW) bergerak median -0,6% selama 5 sesi (41% lebih tinggi; separuh tengah -3,9% sampai +2,5%), dan -1,1% selama 20 sesi.
Setelah 357 peristiwa cuaca bearish sebelumnya, Jagung bergerak median -0,3% selama 5 sesi (44% lebih tinggi; separuh tengah -2,2% sampai +1,3%), dan -0,5% 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.
Wheat futures gave back nearly all the prior week's gains as weather forecasts improved and rains fell in the EU, Russia and Australia, which reduced supply concerns; HRW was more range-bound, so the link is partial.
Improved forecasts for US corn states and rains elsewhere erased the prior grain rally, with wheat reversing sharply and dragging corn lower.
