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Spot basis bids for hard red winter wheat were steady in the US Plains while futures strengthened after a pause in the dollar's rise. Drought affected 43% of the winter wheat crop, down from 57% the prior week.
Weekly US wheat export sales were 380,100 metric tons, in line with expectations.
Easing drought and strong export competition weigh on HRW prices, while the pause in dollar strength gave futures a short-term lift.
tridge.comEconomic timesNov 18, 2024Not 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.
