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AHDB's daily grain commentary reports UK old-crop wheat at £318.50/t and Paris May wheat at €405.75/t, with Chicago wheat under technical selling. It also notes Sovecon raised its Russian 2022 wheat crop forecast to a record 87.4 Mt and explains how FOB and CIF shipping terms are changing for Ukrainian exports.
A record Russian wheat crop forecast is bearish for world wheat prices and offsets some Ukrainian export disruption, while shifting shipping terms affect who bears freight risk on Black Sea cargoes.
ahdb.org.ukApr 22, 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.
