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World wheat buyers are seeking high-protein wheat, pushing prices for high-protein classes to near decade highs. Minneapolis wheat futures hit US$10 a bushel for the first time in nearly a decade, and Kansas City premiums over Chicago reached three-year highs.
Australian wheat prices are firm, with H2 delivered Kwinana around A$385/t.
Tight high-protein supply from dry US Plains and Black Sea planting conditions supports wheat prices globally, and feed buyers face higher wheat costs and competition for supplies.
farmonline.com.auGregor HeardOct 27, 2021Not 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.
