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Northwest analysts say US soft white wheat trades at $6.75 to $7 a bushel in Portland, with next year's projected crop insurance price of $7.93 at or below production costs. Egypt's tender drew 45 offers from 15 exporters on August 29.
Weak US wheat prices and limited consumptive demand keep export and feed wheat values under pressure, though strong Egyptian tender interest offers some support.
capitalpress.comMATTHEW WEAVERCapital PressAug 31, 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.
