
Rabobank analysts forecast that global exportable dairy surpluses will keep expanding into 2018, with milk supply growing 2.2% year over year in the third quarter of 2017. They projected US Class III milk falling about $3 to $13.99 per cwt in the first quarter, with Class IV at $12.34.
A growing exportable surplus weighs on world dairy prices and pressures farm margins, reducing the cost of dairy-based feed ingredients. Weaker milk prices are expected to persist through the second quarter of 2018.
過去の弱気なレポートイベント273件の後、牛乳(クラスIII) は5営業日で中央値 -0.2% 動き(39% が上昇。中央50%は -1.3% から +0.4%)、20営業日では -1.4% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Rabobank's forecast of expanding global dairy surpluses and Class III falling about $3 to $13.99 in Q1 is a bearish supply and sentiment driver that could prompt futures selling.
Rabobank's forecast of expanding global surpluses and Class III falling about $3 sets a bearish supply-driven tone.