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Analysts expect US wheat prices to stay near decade lows into 2017 because of ample US supplies and record world wheat output. Kansas City, Chicago and Minneapolis futures have traded in ranges since their August lows.
The 2017-18 outlook is less bearish than for the current crop year.
Heavy world supplies cap wheat prices and keep feed and flour costs low. A severe weather event in a major producing country is the main risk that could lift prices.
world-grain.comJay SjervenNov 23, 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.
