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A Grainews editorial says major exporter wheat production in 2022 will rise only about 2 million tonnes, with Canadian gains offsetting lower Ukrainian output. Major exporter ending stocks are projected to fall 2 million tonnes to 51 million, the lowest since 2012/13.
US spring wheat trades at a discount to winter wheat.
Tight exporter ending stocks support world wheat prices, and the spring-winter spread suggests a possible shift in US wheat demand.
grainews.caKari BelangerApr 25, 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.
