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Commodity markets typically show a post-holiday lull, with traders focusing on production and export data before year-end. Wheat markets were mixed, with spring wheat bouncing off its lowest level since early September while Chicago and Kansas City prices turned lower.
Routine seasonal commentary with limited new supply information; the main wheat driver cited is reduced expected output in France and the U.K. after fall rains, which could support prices into 2020.
agweek.comAlex Norton, Beeson Inc.Dec 8, 2019Not 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.
