
Chicago wheat climbed above $8 a bushel for the first time in nearly nine years, with Paris milling wheat near an all-time high. Top importers are buying amid limited supplies after poor weather hit major exporters.
Saudi Arabia's state buyer booked 1.3 million tons in a tender, nearly double expectations.
Tight export supplies and strong import demand from buyers like Saudi Arabia support wheat prices, which also raise feed grain costs.
Setelah 1.072 peristiwa cuaca bullish sebelumnya, Gandum (SRW) bergerak median +0,2% selama 5 sesi (55% lebih tinggi; separuh tengah -1,4% sampai +2,3%), dan +0,3% selama 20 sesi.
Setelah 1.465 peristiwa cuaca bullish sebelumnya, Jagung bergerak median +0,2% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +1,9%), dan +0,9% 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.
Chicago wheat topped $8 on strong importer buying (Saudi tender of 1.3 Mt) amid limited exporter supplies, which is direct demand-pull and supply-tightness pressure.
Wheat above $8 and strong importer buying drove cross-commodity spillover into corn and feed-grain substitution sentiment.