
Wheat futures kept falling after USDA's Ag Outlook Forum projected all-wheat plantings down 800,000 acres. Weekly export sales were reported at 3.8 MMT, above the trade estimate range, but prices still weakened.
Reports said China offered to raise ag purchases by $30 billion a year.
A potential China purchase commitment is supportive, but the market largely ignored it while US wheat competed against cheaper supplies. Price direction stayed bearish for feed wheat, with the export data alone not enough to offset selling.
Setelah 375 peristiwa perdagangan bearish sebelumnya, Gandum (SRW) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -2,0% sampai +1,1%), dan -0,1% 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.