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Wheat futures rose on April 11 with May SRW in Chicago up 5.6% to $405.6/t and HRW in Kansas City up 7.4% to $427.1/t. Morocco's severe drought and purchase tenders from Algeria and Egypt added support, while Ukrainian supplies remain blocked.
Import demand from North Africa combined with blocked Black Sea supply tightens global wheat availability, pushing up US wheat prices and the feed-grain complex.
ukragroconsult.comApr 13, 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.
