
Tridge's weekly wheat review for W42 reports US and European wheat prices rebounded week on week while Black Sea FOB prices declined. Prices in all major markets remain down sharply year on year, which the report attributes to a global supply glut confirmed by the September WASDE.
The mixed weekly moves point to a bearish overall trend, with Black Sea competition capping export prices and supporting the case for buyers to source wheat from cheaper origins.
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.