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Chicago, Kansas City and Paris wheat futures fell 5-6% on Friday and Monday, erasing much of the prior week's rally. Ukrainian wheat exports rose to 1.353 million tonnes in September, twice the July and August pace.
Dry weather delayed winter wheat sowing, possibly cutting area by about 25%.
Rising Ukrainian shipments and a comfortable 2022/23 balance weigh on prices, while delayed sowing in the US and Europe is a bullish offset.
ukragroconsult.comSep 27, 2022Not 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.
