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Wheat prices have reached 12-month highs, with soft white wheat near $6.65 per bushel. Analysts cannot pinpoint a single cause, citing year-end demand, Russian crop concerns and possible Chinese purchases.
Sustained strength in old-crop wheat raises feed wheat costs for buyers, and analysts expect the rally to persist into 2021.
capitalpress.comMATTHEW WEAVERCapital PressDec 31, 2020Not 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.
