
ABARES pegged Australia's 2019-20 wheat production at 15.17 million tonnes, the lowest in 12 years and down from its December forecast of 15.85Mt. The USDA expects world wheat exports to fall for a third straight year.
Australia has seen production decline sharply during three straight drought years.
A shrinking Australian crop and falling global exports tighten wheat supplies available to feed buyers and support prices. The trend points to continued firmness in wheat values.
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.