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Kansas State economist Dan O'Brien told a Sorghum Connections meeting in Garden City, Kansas that ample domestic and oilseed supplies leave buyers unworried and are moderating prices. He noted wheat trades mostly $5 to $5.15 a bushel while world stocks-to-use excluding China is near 18.9%, the lowest since 2007-08.
Ample near-term supplies cap grain prices, but very tight world wheat stocks could support prices if exporter supplies tighten, which matters for feed-grain cost outlooks.
hpj.comKylene ScottJan 16, 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.
