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Strategie Grains raised its 2019/20 EU soft wheat production forecast to 144.5 million tonnes, up from 142.9 million in August and about 14% above last year's drought-hit crop. It also raised EU soft wheat export expectations to 25.7 million tonnes from 24.8 million.
The firm expects EU wheat stocks to rise as feed corn and barley compete with wheat.
Bigger EU wheat supplies and higher export expectations add competition in world export markets and pressure wheat prices. Expected feed substitution by corn and barley would also limit wheat's demand in animal feed.
esmmagazine.comDayeeta Das19 Sep 2019Setelah 1.006 peristiwa laporan bearish sebelumnya, Gandum (SRW) bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -1,6% sampai +1,8%), dan +0,3% selama 20 sesi.
Setelah 770 peristiwa laporan netral sebelumnya, Jagung bergerak median +0,2% selama 5 sesi (54% lebih tinggi; separuh tengah -1,1% sampai +1,6%), dan +0,7% 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.
