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Spring wheat futures were lacklustre on Nov. 12 while SRW and HRW winter wheat reached fresh contract highs.
The USDA WASDE report was bullish for hard red spring wheat, with total HRS supplies estimated down 31.6% from last crop year.
Sharply lower hard red spring supplies keep spring wheat firm, supporting feed-grade wheat costs, though the analyst notes spring wheat is lagging winter wheat.
dtnpf.comCliff JamiesonNov 12, 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.
