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Wheat prices fell on July 15 as harvest progress ran ahead of last year and traders anticipated the resumption of Ukrainian Black Sea exports. Chicago SRW futures dropped 14.8% for the week, and Kansas City HRW fell 12.9%.
French harvest was 50% complete versus 3% a year earlier.
Faster harvests and expected export recovery add supply and pressure prices lower. Feed buyers can expect softer wheat as an alternative feed ingredient.
ukragroconsult.comJul 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.
