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Corn and wheat prices have narrowed to near parity, a rare occurrence last seen during the 2011-2013 US drought. Analysts note that wheat's usual premium over corn is shrinking as corn becomes relatively expensive.
As corn reaches parity with wheat, feeders are likely to substitute wheat into rations, increasing wheat feed demand and supporting its price.
graincentral.comGuest AuthorApr 30, 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.
