
Black Sea wheat yields were about 30% below the prior year at the start of the 2020 harvest after a dry spring. Ukrainian yields recovered toward last year's levels, but Russian yields stayed historically low.
Consensus now puts Russia's crop at 82-84 MMT, and USDA raised its forecast by 5 MMT to 83 MMT.
A larger-than-feared Russian crop adds export supply and weighs on wheat prices, after the early harvest scare had lifted futures.
Setelah 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.
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.