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Analyst Louise Gartner says late fall and early winter typically make wheat rallies difficult as Southern Hemisphere supplies fill export pipelines. Australia is cutting its third-largest crop on record, and Argentina will cut its crop, with 2 to 3 million tonnes of HRW expected to move into world markets.
Seasonal Southern Hemisphere export pressure caps wheat gains, while dryness in southern Russia and possible spring problems there offer upside risk.
agriculture.comLouise GartnerNov 9, 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.
