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The Canada Western Red Spring to Canada Prairie Spring Red spread widened to $58.25/mt in northern Alberta on November 20, the widest since November 2021. The US spread between the National Spring Wheat Index and National HRW Index reached $1.28/bu, the widest since February 2022.
Wider premiums for hard spring wheat reflect tighter spring wheat fundamentals relative to HRW, which can shift buyer demand between classes and support spring wheat values.
dtnpf.comCliff JamiesonNov 21, 2023Not 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.
