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World wheat futures fell 1.8-3.3% over the week ending October 27, with Chicago SRW, Kansas HRW, Minneapolis HRS and Paris wheat all lower. The EU raised its soft wheat crop forecast slightly but cut exports, and rains in major exporting countries pressured new-crop prices.
Ample world offers and improving harvest weather keep wheat prices near multi-year lows, which favours cheaper feed wheat for buyers.
ukragroconsult.comOct 30, 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.
