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Reuters reports that the price spread between lower-quality Australian Standard White wheat and Australian Premium White wheat has widened to $47 a tonne from about $8-10 a few months ago. Traders attribute this to uneven quality ratings as the Australian harvest wraps up.
Buyers are paying a steep premium for high-quality milling wheat amid a global supply shortfall, supporting prices for better grades. Lower-quality wheat is relatively cheaper, which may favor feed use.
reuters.comNaveen ThukralDec 1, 2021Not 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.
