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Wheat fell about $20/t week on week as rains improved the US hard red winter crop outlook and Black Sea export concerns failed to lift prices. US winter wheat ratings declined, with 41% rated poor or very poor, and Ukraine's grain exports fell 11% week on week to 40.6m t as of 19 April.
Improving HRW prospects and continued Ukrainian export flows add supply, keeping wheat values under pressure despite Black Sea risks.
adm-agri.co.ukSpencer, AngelaApr 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.
