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Alex Norton argues that US wheat is too expensive to compete in export markets throughout the 2018-19 crop year. Russia aggressively sold low-priced wheat early in the season, and US sales have been slow to recover after a government shutdown delayed reporting.
Global production shortfalls in Europe, Russia, and Australia had been expected to shift demand to the US.
If US wheat stays priced above Black Sea supplies, export demand will keep shifting elsewhere, leaving US stocks heavier and prices pressured. That weakens the case for a price recovery in US wheat.
agweek.comAlex Norton, Beeson Inc.2019年2月24日在过去 375 次看跌的贸易事件之后，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 -2.0% 至 +1.1%），20 个交易日内为 -0.1%。
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。
