
USDA's March Prospective Plantings report projects US spring wheat area at 14.2 million acres, down 7% from 2018, including 12.4 million acres of hard red spring. Durum area is forecast to fall 25% as North Dakota farmers switch to hard red spring because of premium spreads.
Weather and price concerns are cited as further reasons for lower spring wheat planting.
Smaller spring wheat acreage tightens expected supply and supports spring wheat and milling wheat prices. The shift away from durum also reflects changing premium relationships among wheat classes.
Na 769 eerdere opwaarts rapport-gebeurtenissen bewoog Tarwe (SRW) zich mediaan +0,2% over 5 sessies (53% hoger; middelste helft -1,4% tot +2,0%), en +0,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.