Loading…
Wheat futures fell in late April as weather improved in the Northern Hemisphere, with CBOT, KC HRW and MGEX spring wheat all lower week on week. Black Sea production prospects improved, though Russian exports are slowed by quotas and a stronger ruble.
Improving Black Sea and EU crop outlooks add export competition and pressure world wheat prices, lowering the cost of wheat used in feed rations.
tridge.comVictor LangatApr 28, 2025After 334 past bearish weather events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
After 70 past bearish weather events, KWHEAT moved a median -0.6% over 5 sessions (41% higher; middle half -3.9% to +2.5%), and -1.1% over 20.
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.
