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The USDA's May WASDE projects record global wheat production of 777 million tonnes for 2019-20, 46 million tonnes above the previous year. Australia, the EU, Canada, Russia and Ukraine are all expected to harvest more.
Consumption is projected at a record 755 million tonnes, which is below production.
A production rebound that exceeds projected consumption points to rebuilt stocks and lower wheat prices from the depleted levels of 2018-19. Feed wheat becomes more competitive as supplies grow.
graincentral.comGrain Central2019年5月12日在过去 1,006 次看跌的报告事件之后，小麦(SRW) 在 5 个交易日内中位数变动 +0.0%（50% 上涨；中间一半区间为 -1.6% 至 +1.8%），20 个交易日内为 +0.3%。
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。
