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U.S. soft white wheat prices fell after SRW futures settled July 5 at $8.07, the lowest since February 18, and slipped below $8.00 on July 6. Harvest of SRW and HRW wheat is underway and improved conditions are boosting confidence in the hard red spring crop.
Harvest pressure and better crop ratings point to ample U.S. wheat supplies, which tends to keep wheat feed values low relative to corn.
uswheat.orgJul 7, 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.
