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Barchart columnist Darin Newsom argues HRW wheat has one of the most bearish market structures he has seen, with heavy noncommercial selling. He questions whether HRW could test zero as the 2025 harvest approaches.
A deeply bearish market structure and fund positioning suggest continued pressure on HRW prices into harvest, though the column is opinion rather than new supply information.
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.