Loading…
Chicago wheat futures have risen nearly $2 per bushel since August 2020 as corn and soybean prices rallied. The article notes that when corn tops about $6, wheat becomes a feed substitute, which lifts wheat demand.
It suggests 2020-21 prices could trend higher into summer.
Higher corn prices make wheat cheaper as a feed ingredient, pulling more wheat into livestock rations and supporting wheat futures. This linkage can keep wheat prices firm while corn stays high.
farmprogress.comNaomi BlohmJan 28, 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.
