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Grain markets began 2022 softer after US wheat futures fell 5 percent in the last week of 2021 on profit taking. Australian wheat futures dropped to A$364 a tonne as record-large Australian and Argentine crops were expected.
Expectations of record Australian and Argentine wheat crops point to heavier export competition and lower feed wheat prices.
queenslandcountrylife.com.auLloyd George, Ag ScientiaJan 7, 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.
