Loading…
U.S. wheat futures fell on June 30 as the winter wheat harvest moved ahead of normal, reaching 48% complete. Winter wheat condition held at 26% good to excellent, and weekly export shipments were about 25% below last year.
Argus raised its Russian wheat crop forecast to 91.2 million tonnes.
Fast harvest progress, weak exports and a bigger Russian crop forecast add pressure to wheat prices. Buyers may find cheaper wheat for feed use.
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.