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Wheat futures fell over 1% as the dollar index rose following US data and Britain's vote to exit the EU. The US trade deficit widened in May to $60.6 billion, and the June flash services PMI came in at 51.3, below expectations.
A stronger dollar makes dollar-priced wheat more expensive abroad, which weighs on export demand. Weaker data adds to the bearish tone in wheat.
economies.comRami HaddadJun 27, 2016Not 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.
