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Minneapolis, Kansas City, Chicago and MATIF wheat futures all hit contract lows in late September. Wheat values dropped slightly week over week, except in Russia and Australia.
Algeria bought 600,000 tonnes of Black Sea wheat.
Contract lows and rising Argentine and Australian supply keep wheat prices under pressure, with the Algerian purchase providing only limited support.
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.