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World wheat markets stayed weak into 2024, with US Wheat Associates reporting lower prices on a lack of supportive news. Cold weather in the Northern Hemisphere and logistics issues in the Pacific Northwest provided only brief bullish support.
Ample nearby supplies and weak row-crop prices keep downward pressure on wheat. Cold-related logistics disruptions offer short-lived support but do not change the bearish trend.
world-grain.comChris LyddonJan 22, 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.
