
USDA raised its global wheat production forecast mainly on higher Australian output, and raised global wheat ending stocks by 3.3 million tonnes. USDA cut corn ending stocks but raised U.S. corn exports by 75 million bushels to 2.5 billion, citing sharply lower Ukrainian exports.
The agency warned that the Russian invasion had significantly increased uncertainty in supply and demand.
Higher wheat stocks from Australia and India partly offset lost Russian and Ukrainian exports, which is bearish for wheat. Increased U.S. corn exports tighten the domestic balance, which is supportive for corn.
Setelah 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.
Setelah 1.040 peristiwa laporan bullish sebelumnya, Jagung bergerak median +0,5% selama 5 sesi (62% lebih tinggi; separuh tengah -0,9% sampai +2,0%), dan +0,8% 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.