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Chicago wheat futures (Dec-24) fell 6.3% in the week to 18 November, reaching near four-year lows. A stronger US dollar, favourable US and western European weather and competitive Black Sea exports pressured the complex.
Barley prices were held back by weak demand from major importers.
Routine weekly price moves show bearish pressure from a strong dollar and good crop weather. Feed grain buyers face softer wheat and barley values in the short term.
ahdb.org.ukNov 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.
