El WASDE de trigo:
WHEAT: Projected 2018/19 wheat ending stocks are raised 36 million bushels on reduced feed
and residual use and lower seed use. Feed and residual use is lowered 30 million bushels on
larger than expected second-quarter stocks reported in today’s NASS Grain Stocks report. Seed
use is down 6 million bushels reflecting 2019/20 winter wheat planted area released today in the
NASS Winter Wheat and Canola Seedings report. Winter wheat planted area is lower than
expected on excessive precipitation and cool temperatures during the planting window. Ending
stocks are now projected at 1,010 million bushels. The season-average farm price is unchanged
based on NASS prices reported to date and price expectations for the remainder of the
World production for the 2018/19 market year is raised 1.3 million tons, led by a 1.6-million-ton
increase for Russia, a 0.6-million-ton increase for Brazil, and a 0.5-million-ton increase for
Paraguay. These changes are partly offset by a 1.1 million ton decrease for China and a 0.3-
million-ton decrease for Argentina. All these production changes reflect updated government
statistics and harvest results. Global exports are raised 1.3 million tons led by a 0.7-million-ton
increase for Pakistan on reports of new export subsidies. Russian exports are raised 0.5 million
tons and Paraguay is raised 0.4 million tons, both on larger exportable supplies. In contrast,
Australia’s exports are lowered 0.5 million tons on a slow pace to date, and Argentina exports are
down 0.2 million tons reflecting the smaller crop. Global use for 2018/19 is raised 2.0 million
tons, primarily on a 2.0-million-ton increase in China feed and residual use. With global use
rising more than supplies, world ending stocks are lowered 0.6 million tons to 267.5 million.
Stocks incrementados 36Mn bushels por bajada del consumo en alimentación animal, uso residual y semilla. Un poco de problema de plantación en USA. Producción mundial en aumento y disminución en stocks.
Una de cal y una de arena.
A ver si se pasa la volatilidad que ha dado el informe y mejora la cosa o nos salta el stop antes.
Aún así la cartera está en un 18%.
Buen finde a todos