
Prairie wheat bids rose in the week ended August 12 after the USDA cut its wheat yield estimates in its August WASDE. The USDA lowered U.S. wheat ending stocks from 665 million to 627 million bushels and Canadian ending stocks by 20.9%.
A sharp cut to Russian wheat yields and a weaker Canadian dollar also lifted bids.
Lower projected ending stocks in the U.S., Canada and Russia tighten wheat supply and support higher Prairie cash prices.
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.