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Wheat importers are buying ahead, with market concern focused on HRW supply for the 2021/22 marketing year. Record world wheat production and ending stocks are projected for 2020/21, while Black Sea prices have risen.
Despite record global supplies, forward buying and tight Black Sea export supplies are lifting prices, which pressures feed-wheat costs.
farmprogress.comKim AndersonOct 22, 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.
