Loading…
Wheat futures fell the week of February 13-17, 2023, with Chicago SRW down about 5.5% on Tuesday after losing the prior week's rally on US frost forecasts. US wheat export sales dropped 27% in the February 10-16 week, and India announced additional wheat sales from state reserves.
Weak US export demand and Indian reserve sales add supply to the market, pressuring wheat prices. Traders remain focused on possible 2023/24 output cuts in Australia and the Black Sea.
ukragroconsult.comFeb 22, 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.
