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ADM's head of grain trading said wheat prices fell on forecasts of rain in the U.S. northern plains and talk of lower Chinese corn demand, ending a rally driven by dry weather in Brazil. Russia raised its 2021 grain crop estimate, and French and UK wheat conditions improved.
Improved crop ratings in Europe and Russia and expected rain in the U.S. add supply comfort to wheat and corn. Lower Chinese demand talk also reduces import pull, though Brazil's crop losses keep longer-term support.
farming.co.uk18 jun 2021Na 334 eerdere neerwaarts weer-gebeurtenissen bewoog Tarwe (SRW) zich mediaan -0,2% over 5 sessies (47% hoger; middelste helft -1,9% tot +1,7%), en -0,2% over 20.
Na 357 eerdere neerwaarts weer-gebeurtenissen bewoog Maïs zich mediaan -0,3% over 5 sessies (44% hoger; middelste helft -2,2% tot +1,3%), en -0,5% 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.
Wheat fell on rain forecasts for the northern plains, a higher Russian crop estimate and better French and UK crop conditions, which pointed to larger supply.
Rain forecasts for the northern plains, a larger Russian crop estimate, improved EU wheat conditions and weaker Chinese demand talk all reduce supply-risk premium for wheat.
