
The September WASDE was broadly neutral for US wheat, with US 2019-20 ending stocks unchanged at 1.014 billion bushels. World ending stocks were raised slightly, and Australia was cut 2 million tonnes.
ABARES lowered its Australian wheat estimate to 19.2 million tonnes as dryness spread across the main growing region.
Lower Australian, Russian and Ukrainian crops tighten the export supply outlook, which supports wheat prices after multi-year lows. Continued dryness in Australia, Brazil and Ukraine could extend the support.
Setelah 769 peristiwa laporan bullish sebelumnya, Gandum (SRW) bergerak median +0,2% selama 5 sesi (53% lebih tinggi; separuh tengah -1,4% sampai +2,0%), dan +0,2% 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.