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The Platts Milling Wheat Marker rose 2.25% to $238.50/t on April 14 after touching $240/t on March 24. Exporters cited a strong ruble near Rb75 per dollar squeezing margins, while Russian exports reached 36.6 million tonnes by April 10.
A firmer Black Sea wheat price and tight exporter margins can lift feed wheat costs for buyers. Currency-driven offer resistance may keep prices supported near current levels.
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.