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Stone X's Arlan Suderman said confirmation of a poor Kansas wheat crop had little effect on prices. Imports of eastern European milling wheat and blending of soft red winter wheat pulled prices down, along with a broader commodity sell-off and a stronger US dollar.
Cheaper imported and substitute wheat is reducing demand for HRW, which keeps wheat prices under pressure despite the crop shortfall.
radiokeokuk.comWritten by: Leah JonesMay 18, 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.
