Loading…
Global wheat markets lack fresh bullish input as Omicron concerns keep long positions liquidating, and all major exchanges have fallen over the past week. Russia's agriculture ministry left its 2021 wheat harvest estimate largely unchanged, and an export restriction announcement is expected with about 9 million tonnes already priced in.
Liquidation and softer demand push wheat prices lower, but expected Russian export restrictions and a tight quality supply limit the downside for feed wheat.
farming.co.ukDec 17, 2021Not 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.
