
The European Commission cut its 2020/21 EU-27 soft wheat crop forecast to 117.2 million tonnes from 121.5 million, a second straight monthly reduction of over 4 million tonnes. Output would be more than 10% below last year's 130.9 million, with France projected at 30.3 million tonnes, down 12%.
Export projections were also trimmed to 25.0 million tonnes from 26.5 million.
A smaller EU crop and lower export availability tighten world wheat supply and support Euronext and global wheat prices, which feeds into higher wheat costs for feed formulators.
Setelah 769 peristiwa laporan bullish sebelumnya, WHEAT 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.