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ADM's David Sheppard reported US wheat marginally higher on short covering tied to weather concerns, even as weak stock-report sentiment and funds trimming exposure weighed. European old-crop prices firmed on logistics and shipping backlogs in France, while new-crop prices eased on expected EU production recovery and a stronger euro.
UK prices were little changed as the trade awaited Brexit developments.
Weather and logistics are supporting nearby wheat prices while expected EU crop recovery and a firmer euro cap new-crop values. The US-China trade outcome remains the main unresolved factor.
farming.co.ukApr 5, 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.
