Loading…
Russian milling wheat fell for a seventh straight week to $212/mt on the IGC report, down 13.5% since early January. North American export offers fell by smaller percentages, and Ukraine is undercutting rivals in Asian markets.
Low Russian and Ukrainian export offers cap global wheat values and pull North American wheat prices down with them. Cheap wheat is a cheaper feed-grain alternative for buyers.
dtnpf.comCliff JamiesonFeb 28, 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.
