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AHDB's weekly grain review reports Chicago wheat futures rose 4.3% and Paris milling wheat 1.3% in the week to early December, driven by a US export-fuelled rally. USDA data showed US wheat and maize export sales rising, with China a major buyer, and Ukraine's grain exports reported at about 13.4 Mt.
Strong export demand and Black Sea flows support near-term wheat and maize prices, while expectations of heavy maize supplies later in the season keep the longer-term outlook bearish for feed grains.
ahdb.org.ukDec 4, 2023Not enough comparable past events yet for a historical read.
Not 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.
