ADM's head of grain trading said wheat prices fell on forecasts of rain in the U.S. northern plains and talk of lower Chinese corn demand, ending a rally driven by dry weather in Brazil. Russia raised its 2021 grain crop estimate, and French and UK wheat conditions improved.
Improved crop ratings in Europe and Russia and expected rain in the U.S. add supply comfort to wheat and corn. Lower Chinese demand talk also reduces import pull, though Brazil's crop losses keep longer-term support.
Setelah 334 peristiwa cuaca bearish sebelumnya, Gandum (SRW) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,9% sampai +1,7%), dan -0,2% selama 20 sesi.
Setelah 357 peristiwa cuaca bearish sebelumnya, Jagung bergerak median -0,3% selama 5 sesi (44% lebih tinggi; separuh tengah -2,2% sampai +1,3%), 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.
Wheat fell on rain forecasts for the northern plains, a higher Russian crop estimate and better French and UK crop conditions, which pointed to larger supply.
Rain forecasts for the northern plains, a larger Russian crop estimate, improved EU wheat conditions and weaker Chinese demand talk all reduce supply-risk premium for wheat.