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Wheat prices are near ten-year lows, with traders focused on corn and soybeans. French wheat exports fell to 10-year lows, while Australian growing conditions and a record Russian crop of about 72 million metric tons add supply.
U.S. winter wheat plantings are at historically low levels.
Low wheat prices and a narrow premium to corn make wheat attractive for feed use, and it could gain share if corn is stored. Reduced US winter wheat acreage may tighten future supply.
theoptionsinsider.comMike ZarembskiSep 16, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
