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Grain Price News reports that Chicago SRW wheat held near two-month lows after USDA raised its world wheat stock forecast by 280,000 tonnes to 267.8 million. US ending stocks were cut to 571 million bushels, the lowest in 15 years.
Argentina's crop was lowered 2 million tonnes to 15.5 million.
The world stock upgrade from larger Australian and UK crops outweighs the tighter US and Argentine figures, keeping wheat under pressure. Lower Argentine output limits how far prices can fall.
grainpricenews.comMike Verdin9 Nov 2022Setelah 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.
