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Chicago, Kansas City and Minneapolis wheat futures faded from early gains and closed lower on Wednesday. The first day of the HRW Wheat Quality Tour averaged 49.9 bushels per acre, well above last year and the prior three-year average.
A strong early HRW tour result signals larger harvest supplies, which weighs on wheat prices. Feed buyers may see softer wheat values if the final tour and USDA numbers confirm the yields.
ibestmedia.comMay 15, 2024Not 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.
