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Rain in Europe this week brought relief to dry wheat belts, though analysts said more moisture is needed to stop the harvest shrinking further. The European Commission had cut its EU common wheat forecast to 121.5 million tonnes, and traders expect a French soft wheat crop of 32-33 million tonnes versus 39.5 million last year.
Germany's rain was also welcome, though it needs more in the east.
Rain stabilizes the EU crop outlook, easing some of the upward price pressure from a smaller harvest, but a much smaller crop remains supportive for wheat.
brecorder.com8 Jun 2020Setelah 224 peristiwa cuaca netral sebelumnya, Gandum (SRW) bergerak median -0,1% selama 5 sesi (46% lebih tinggi; separuh tengah -1,4% sampai +1,5%), dan +0,4% 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.
