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AgWeb reports that Soft Red Winter wheat futures hit an all-time high on Friday in consecutive limit-up sessions, topping the 2008 record on continuous charts. Ukraine and Russia together account for about 30% of global wheat production.
A record SRW futures price signals acute supply fear and raises the cost of wheat used in feed rations.
agweb.comMar 4, 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.
Record SRW wheat futures on Mar 4 show strong grain complex momentum, with corn following via feed substitution.
