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USDA's September report put 2017 spring wheat production at 416.2 million bushels, above the average pre-report estimate and the August figure. December spring wheat futures fell 21.25 cents after the release, though they held above the prior week's low.
Larger-than-expected northern spring wheat supply after drought losses is bearish for wheat prices and eases feed wheat substitution demand.
dtnpf.comCliff Jamieson29 sep 2017Na 1.006 eerdere neerwaarts rapport-gebeurtenissen bewoog Tarwe (SRW) zich mediaan +0,0% over 5 sessies (50% hoger; middelste helft -1,6% tot +1,8%), en +0,3% over 20.
Na 138 eerdere neerwaarts rapport-gebeurtenissen bewoog Tarwe (HRW) zich mediaan +0,0% over 5 sessies (50% hoger; middelste helft -2,9% tot +2,4%), 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.
USDA's September small grains report raised spring wheat production to 416.2M bu, above estimates, and December spring wheat futures dropped 21.25 cents, which spilled over into SRW.
The USDA spring wheat estimate came in above expectations and December spring wheat fell 21.25 cents, adding bearish supply pressure that carried into the next trading day.
