Loading…
Terrain's quarterly outlook says tight US hard red winter wheat inventories will support harvest cash prices of $8 to $9 per bushel, while lower-cost exporters such as Russia, the EU and Australia cap US prices. It notes HRW prices track corn closely and that US wheat exports are at their lowest since 1971/72.
US wheat is priced above Black Sea and EU competitors, so exports stay weak and supply tightness, not demand, sets the premium; corn weather volatility spills into HRW prices.
terrainag.comCody BarillaJun 27, 2023Not enough comparable past events yet for a historical read.
Not 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.
