Memuat…
December US wheat futures fell 3.3% to 7.4% on Friday after USDA raised its 2023 US wheat production forecast to 49.32 million tons from 47.19 million, above analyst estimates. Wheat stocks were slightly above expectations.
Ukrainian Black Sea port exports also rose, adding pressure.
The USDA production surprise and rising Black Sea shipments lower world wheat prices and reduce U.S. export competitiveness. Buyers can expect cheaper wheat, especially for HRW and SRW classes.
ukragroconsult.com2 Okt 2023Setelah 1.006 peristiwa laporan bearish sebelumnya, Gandum (SRW) bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -1,6% sampai +1,8%), dan +0,3% selama 20 sesi.
Setelah 138 peristiwa laporan bearish sebelumnya, Gandum (HRW) bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -2,9% sampai +2,4%), dan +0,5% 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.
It reports the USDA raising its production forecast above estimates and Ukrainian port exports rising, which are bearish supply factors that weighed on prices, though the main drop was Friday.
