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US wheat futures rose for a second session on December 2, with Chicago wheat near $7.92 a bushel. Gains were capped by Omicron concerns and expectations of ample global supplies after ABARES raised Australia's crop estimate to a record 34.4 million tonnes.
Record Australian supply and Omicron-related demand worries limit upside for wheat, keeping feed-wheat prices under some pressure despite earlier rallies.
financialpost.comReutersDec 2, 2021Not enough comparable past events yet for a historical read.
Not 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.
