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Jack Scoville's grains report for March 4, 2024 lists CBOT delivery intentions and notes that wheat was mostly a little higher, with SRW futures slightly lower. Russian export prices hit a new low, EU offers were unchanged, and Red Sea attacks gave some support to prices.
Large world wheat supplies and weak export sales keep wheat prices under pressure, with only modest support from Red Sea shipping disruptions.
blog.pricegroup.comJack ScovilleMar 4, 2024Not 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.
