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European wheat prices firmed as Chicago rallied on US hard red winter drought and a cold snap in the southern Plains. EU prices rose €4/t, and Russian prices were supported by export demand and a firm rouble.
Sterling weakness also influenced UK farmgate values.
Dryness in US HRW areas and tight Russian export logistics lift global wheat values, while currency moves change UK and EU farmgate prices. Feed buyers should expect firmer wheat costs in Europe.
farming.co.ukMar 2, 2018Not 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.
