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Russia is trying to hold a $270/MT export price, but Egypt bought Romanian and Bulgarian wheat at $255, while Ukrainian offers are at $239. Minneapolis, Kansas City and Chicago wheat fell as crude oil rallied.
Competing low offers from Europe and Ukraine push world wheat prices down, while crude strength supports soy oil and corn through biofuel links.
stonex.comCraig TurnerSep 27, 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.
