The International Grains Council cut its outlook for global grain production and expected consumption to stay high, raising the possibility of the first stock contraction in five years. Its wheat price index rose almost 12 percent in a month to its highest since July 2015, driven by dry weather in Europe and North America.
Canadian and US growers shifted acreage toward canola and oilseeds because of wet planting conditions and weak wheat prices.
Lower global production and possible stock drawdown support world wheat prices and raise import costs for feed buyers. Shifting acreage to oilseeds may also tighten wheat availability.
Após 769 eventos altista de relatório passados, Trigo (SRW) subiu em mediana +0,2% em 5 sessões (53% de alta; metade central de -1,4% a +2,0%), e +0,2% em 20.
Ainda não há eventos comparáveis passados suficientes para uma leitura histórica.
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 IGC's cut to its global production outlook and its sharp wheat price index rise reinforced supply-tightness sentiment on the final day of the window.