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Allendale's Greg McBride says U.S. wheat demand is strong, with USDA recently raising its export demand estimate. He expects sustained price gains to be capped by large global supplies from Russia, the EU and Australia.
Strong US export demand supports prices, but abundant Black Sea, EU and Australian supplies cap upside for wheat.
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.