
New crop wheat prices were volatile after a USDA global forecast cut Russia's wheat crop to 68.5 million tonnes due to a wet spring. Global 2018-19 wheat production was lowered 3.1 million tonnes to 744.7 million, with EU and Australian estimates also reduced.
Prices then fell back amid US-China trade concerns.
A sharp cut to Russian and global wheat output tightens export supplies and supports wheat prices, though trade worries capped the rally.
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.