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European wheat prices are at their highest in nine years, with the September 2022 Matif contract near 213.50 euros a tonne and December 2021 at 216.25 euros. Analysts expect EU wheat area to rise 1.5% to 3%, and Russia's export tax adds uncertainty.
Strong forward prices encourage larger autumn wheat plantings, which would increase future supply and could cap the current price rally if acreage expands as expected.
en.boerenbusiness.nlNiels van der BoomSep 15, 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.
