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Soft red winter wheat prices fell to their lowest since late 2020 on ample global supplies. The market has largely ignored the lapse of the Black Sea Grain Initiative after Russia let it expire in July.
Abundant global supply outweighs geopolitical risk, keeping wheat prices low and making wheat cheaper as a feed ingredient.
marketwatch.comMyra P. SaefongSep 12, 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.
