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Wheat began the week under pressure after Russia's agriculture minister said 1.5 million tons of grain would be released from reserves. Southern Plains rains were favorable for wheat, and a USDA sale of 120,000 tons of spring wheat to Bangladesh lifted prices briefly.
Russian reserve sales add export supply and pressure wheat prices, while sales to Bangladesh provide modest demand support. Wheat competes with corn in feed rations, so these moves matter for feed costs.
agweek.comRay Grabanski, Progressive Ag14 Okt 2018Setelah 122 peristiwa kebijakan bearish sebelumnya, Gandum (SRW) bergerak median -0,3% selama 5 sesi (44% lebih tinggi; separuh tengah -1,9% sampai +1,2%), dan +0,4% selama 20 sesi.
Setelah 72 peristiwa kebijakan sebelumnya, Gandum (HRW) bergerak median -1,2% selama 5 sesi (38% lebih tinggi; separuh tengah -3,0% sampai +1,6%), dan -0,8% 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.
Wheat opened the week of Oct 8-12 under pressure from Russia's release of 1.5 mln t of reserves, while the USDA Bangladesh sale briefly lifted prices; it explains volatility in the window.
