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Wheat futures fell on Aug 31 as new-crop offers increased, US winter planting weather improved, and Chicago SRW dropped 2.8%. Black Sea wheat futures lost 9.2% for the week as Russian crop and export forecasts improved, while Ukrainian ports resumed loading.
Heavier Black Sea export flow and better Russian crop prospects are pushing world wheat values lower, easing feed wheat costs for buyers.
ukragroconsult.comAug 31, 2022Not 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.
