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US Wheat Associates reported soft white wheat export sales up 26% year on year, reaching 2.7 million t, about 56% of the USDA full-year projection. Soft white prices were quoted at $5.65 to $5.70 per bushel.
Stronger export demand for Pacific Northwest soft white supports prices, but USDA still projects lower white wheat exports year on year, so the upside is limited until shipments confirm the trend.
capitalpress.comMATTHEW WEAVERCapital PressSep 28, 2020After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
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.
