Memuat…
The Federal Reserve raised interest rates by a quarter point and signaled a possible pause due to recent bank failures and the debt ceiling deadline. KC hard red winter wheat settled 45 cents higher, and CBOT rallied into the close on drone attacks on the Kremlin.
The commentary says grains and oilseeds were oversold and due for a recovery.
Rate policy and the debt ceiling affect the dollar and fund flows, while the geopolitical rally offered a short-covering bounce in wheat. Analysts expect continued volatility as old-crop markets transition to new crop.
stonex.comCraig Turner3 Mei 2023Setelah 10 peristiwa makro bullish sebelumnya, Gandum (HRW) bergerak median +0,8% selama 5 sesi (60% lebih tinggi; separuh tengah -1,9% sampai +3,1%), dan +1,3% selama 20 sesi.
Setelah 57 peristiwa makro bullish sebelumnya, Gandum (SRW) bergerak median +0,3% selama 5 sesi (65% lebih tinggi; separuh tengah -0,5% sampai +1,7%), dan -0,7% 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.
On May 3 KC HRW wheat settled 45 cents higher as oversold grains rebounded, helped by a dovish Fed signal and Kremlin drone attacks that lifted Black Sea risk premium, which fits a sharp 5-day move.
