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Wheat closed higher after reports of higher Russian export prices, though the market still sees big world supplies and low prices. Export sales remain weak against Russian, Ukrainian and EU offers, and Black Sea supply is plentiful.
Rice was slightly lower with sideways trends.
Plentiful Black Sea supply and weak export demand cap wheat prices, and any Russian price gains are unlikely to change the broader bearish balance.
feedlotmagazine.comSource Jack ScovilleMar 20, 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.
