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Wheat prices fell sharply over several sessions as the receding threat of a Russian invasion of Ukraine and talk of firmer US monetary policy weighed on the market. Prices closed virtually unchanged week on week, according to ADM Agriculture.
Lower geopolitical risk premium and hawkish Fed expectations reduce wheat support, though the market remains volatile.
worldcargonews.comWCN EditorialJan 28, 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.
