Loading…
Wheat markets fell last week on speculative selling, with weak US export demand and strong world demand for other origins noted. Corn closed slightly lower as a large reduction in USDA export demand appeared, after strong buying ahead of expected Trump tariffs.
Ukraine-US-Russia tensions were noted, and Australia has a large crop despite rain damage to quality.
Lower export demand for US corn and wheat weighs on prices, while tariff-driven buying ahead of policy changes may reverse and pressure futures further.
blog.pricegroup.comJack ScovilleJan 6, 2025Not 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.
Weekly update cites speculative selling and weak US export demand pressuring wheat, consistent with the continued decline.
