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StoneX's Canada market outlook on February 24, 2023 showed wheat leading grains lower, with HRW down 21 cents, SRW down 23 cents and HRS down 16 cents. Russian wheat was offered below $300/MT while US Gulf HRW was around $385, limiting export demand for US and Canadian wheat.
Russia's low offers cap export prices for North American wheat, pressuring wheat values and reducing competitiveness for US and Canadian supplies.
stonex.comCraig TurnerFeb 24, 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.
