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A Texas AgriLife market update reviews fall wheat conditions, global supply and drought impacts on production. It notes Kansas HRW cash prices have decoupled from corn since mid-July as wheat fundamentals, including sharply lower US ending stocks, drive prices higher.
Lower US wheat ending stocks and drought in the Plains tighten supply, supporting HRW prices and raising feed wheat costs.
agrilife.orgjustin.benavidezOct 18, 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.
