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The GDT price index rose 1.2% at the latest auction, below futures estimates, with AMF, butter and WMP gaining and cheddar falling most. North Asian buying, including China, was weaker than a year earlier, while US spot dairy was mixed, with cheese buyers holding off below $1.50.
Weak North Asian demand and cheese sell-side pressure limit dairy price gains, though firming butter and WMP offer some support.
stonex.comDairy Team3 de jan. de 2024Após 18 eventos neutro de comércio passados, Leite (Classe III) subiu em mediana -0,4% em 5 sessões (39% de alta; metade central de -2,9% a +1,1%), e -3,0% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
The GDT rise came in below futures estimates, North Asian and Chinese buying was weaker than a year earlier, and US cheese buyers held off below $1.50, all of which point to soft demand and bearish sentiment just before the drop.
