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The FAO expects global wheat output in 2023/24 at about 785 million tonnes, the second-highest on record but below 2022/23 because of lower crops in Australia and Russia. The USDA's first forecast puts Russia's wheat harvest at 81.5 million tonnes, while Russian export potential rises to 45.5 million tonnes.
The article also cites a rebound in EU soft wheat forecasts and drought damage in Spain and Portugal.
A smaller Russian and Australian crop is supportive for prices, but a larger EU crop and higher Russian exports offset that effect. The net result is a mixed outlook for wheat, with the balance depending on Black Sea and Australian weather.
tridge.comVictor Langat2023年5月19日在过去 406 次中性的报告事件之后，小麦(SRW) 在 5 个交易日内中位数变动 -0.2%（47% 上涨；中间一半区间为 -1.6% 至 +1.5%），20 个交易日内为 +0.0%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
