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Wheat futures finished 2018 lower after reports that Russia may offer rail subsidies to move eastern wheat to southern ports, with Minneapolis contracts hitting new contract lows. Prices rebounded in early January on technical buying, and Argentina's wheat harvest faced quality concerns from heavy rains.
US wheat export inspections for 2018-19 were 13 percent below a year earlier.
Russian export logistics support and weak US export pace keep wheat supplies ample and prices subdued, which lowers the cost of wheat as a feed grain option.
agweek.comRay Grabanski, Progressive Ag6 Jan 2019Setelah 137 peristiwa logistik bearish sebelumnya, Gandum (SRW) bergerak median -0,3% selama 5 sesi (44% lebih tinggi; separuh tengah -2,2% sampai +1,0%), dan +0,0% selama 20 sesi.
Setelah 11 peristiwa logistik bearish sebelumnya, Gandum (HRW) bergerak median -0,3% selama 5 sesi (45% lebih tinggi; separuh tengah -2,8% sampai +0,9%), 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.
