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The AHDB weekly arable report said Chicago Dec-22 wheat ended the week down $13.51/t as US harvest pressure and a firmer dollar limited export sales. European wheat was largely flat, while UK feed wheat rose £2.00/t on a weaker pound.
Dryness in Europe and the US Midwest and the Black Sea conflict were cited as supportive factors.
A firmer dollar and harvest pressure weigh on US wheat exports, while dryness and tight balance sheets keep a floor under prices into next season.
ahdb.org.ukJun 20, 2022After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not 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.
