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An analysis from Farm Futures says the end of peak US wheat export season is near and that 2021/22 export volumes lagged 19% as China's buying slowed. Export revenues nonetheless rose 11% through May 2022, and next year's US exports may be constrained by smaller harvests.
Weak old-crop demand amid a strong dollar and high global prices limits wheat support, while smaller US crops could tighten export availability later.
farmprogress.comJacqueline HollandJul 18, 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.
