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Wheat futures kept falling after USDA's Ag Outlook Forum projected all-wheat plantings down 800,000 acres. Weekly export sales were reported at 3.8 MMT, above the trade estimate range, but prices still weakened.
Reports said China offered to raise ag purchases by $30 billion a year.
A potential China purchase commitment is supportive, but the market largely ignored it while US wheat competed against cheaper supplies. Price direction stayed bearish for feed wheat, with the export data alone not enough to offset selling.
agriculture.comLouise Gartner23 feb 2019Na 375 eerdere neerwaarts handel-gebeurtenissen bewoog Tarwe (SRW) zich mediaan -0,2% over 5 sessies (47% hoger; middelste helft -2,0% tot +1,1%), en -0,1% 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.
