
European wheat fell below 210 euros per tonne and corn below 180 euros per tonne on February 7, 2024, with corn at its lowest in about two and a half years. Russia still held large wheat volumes on farms, and Ukraine and Russia were competing aggressively for export sales.
Large Black Sea and European export supplies and fierce price competition cap wheat and corn price gains until the summer harvest.
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.
Setelah 683 peristiwa perdagangan bearish sebelumnya, Jagung bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,7% sampai +1,6%), dan +0,3% 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.
Aggressive Russian and Ukrainian export competition and weak European wheat prices (below 210 EUR/t) weigh on global wheat price levels, a plausible contributor to SRW weakness, though dated several days before the move.