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Chicago wheat futures rose to about 546 cents a bushel, a gain of over 7 percent, before easing to around 530 cents. Australian old-crop cash wheat held near A$365 a tonne because of limited nearby grain availability, despite a likely record world crop.
The rally, driven by demand and concerns about crops in the US, Black Sea and southern Australia, lifts feed wheat prices even as record crop forecasts weigh on the outlook.
farmonline.com.auGregor HeardMay 29, 2025Not 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.
