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Wheat is headed for its worst run of quarterly losses in 14 years. Plentiful supplies have kept prices capped since Moscow exited the Ukraine safe-passage deal in July, and Russia recorded a bumper crop.
Large Russian and global supplies keep wheat prices under pressure, which weighs on feed wheat costs for buyers.
bloomberg.comKeira WrightSep 29, 2023Not 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.
