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Wheat trade was choppy in the week to February 18, with prices rising on dry southern Plains forecasts and then falling after rain forecasts for Oklahoma and Texas. Bloomberg reports noted Canadian farmers shifting toward wheat and canola and Black Sea exporters gaining share from Australia.
Rain forecasts for the southern Plains reduce the drought premium in HRW wheat, while longer-term Black Sea competition could cap export demand for US and Canadian wheat.
agweek.comAlex Norton, Beeson Inc.Feb 18, 2018agweek.comRay Grabanski, Progressive AgFeb 18, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
