
Black Sea wheat prices rose at least $14.50 per tonne over two weeks on tight supply, rising domestic demand and slow farmer selling. Prices stopped rising on July 23-24 and offers began to fall, with Fastmarkets' September feed wheat assessment at $229 per tonne by July 25.
Feed wheat supply tightened in July, but the reversal in offers signals that the short-covering rally is fading and Black Sea feed wheat prices may soften as harvest selling builds.
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.