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Black Sea wheat export quotes reached a new 2020/21 seasonal high of 220 USD/t FOB, driven by Russian 12.5% protein contract execution. Ukrainian 11.5% wheat prices were nearly level, and Russian port prices moved back to late-March levels.
Tight Black Sea supply and strong export demand lift world wheat prices, raising feed-grain alternatives' costs for buyers.
latifundist.comSep 10, 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.
