
Wheat futures fell sharply in the week to 15 July on rain forecasts for Russia and Ukraine and a rise in US spring wheat ratings. France cut its wheat estimate to 36.1 million tonnes, SovEcon lowered Russia's crop to 69.6 million tonnes, and Strategie Grains cut EU soft wheat to 132.4 million tonnes.
Lower Russian and EU crop estimates are supportive, but Black Sea rains and a large managed-money short in Minneapolis wheat outweigh them, pushing prices to contract lows.
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.
Weekly report to 15 July says wheat futures fell sharply on Russia/Ukraine rain forecasts, better US spring wheat ratings and EU/Russia crop estimate changes, which sets the backdrop for the 1-day move ending 16 July.